Enbridge CEO says countries that want to export natural gas need to address permitting
Europe dodged a bullet last winter with relatively warm weather, which made an energy crisis not nearly as excruciating as it might have been, had it been colder.
“There was clear consensus that we’re still in the energy crisis,” Mel Ydreos, LNG2023’s executive director, said at a press conference this morning attended by Ian McKay, Canadian ambassador to Japan, and David MacNaughton, former Canadian ambassador to the U.S. Since then, there has been an intense focus on addressing climate change, with many countries adopting net zero targets that many have assumed will mean a declining role for natural gas and LNG in the energy transition.
Gas prices in Europe skyrocketed, and poorer countries that could not afford the high prices were forced to revert to coal to keep the lights on. Liberal MP Randy Boissonnault, Canada’s minister of tourism and associate minister of finance, acknowledged in a keynote address Tuesday that LNG can play a role in decarbonization.
“LNG and renewable natural gas present strong potential to replace higher emitting fossil fuels like coal, while reducing reliance on fossil fuels from Russia and other countries that seek to use energy as a weapon of intimidation,” Boissonnault said. “Canada is well-positioned to be a stable and reliable supplier of choice for LNG and so many green technologies vital to our shared future.”
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