German utility company Uniper says the significance of the Goldboro LNG project in Nova Scotia has diminished despite Europe’s energy crisis
The German utility company Uniper SE says a 20-year supply contract with Canada‘s Goldboro LNG for liquefied natural gas deliveries originally planned to start in 2025 “no longer plays a significant role“ in its plans – more evidence that Canadian LNG exports will not be on the table in Germany‘s short-term quest for energy security.
The German Federal Ministry of Economics told The Globe and Mail this week that short-term LNG exports will not be under discussion during Chancellor Olaf Scholz’s visit to Canada next week. Even if approved and implemented quickly, LNG shipments from Canada would not reach Germany within the next two years, since terminal construction needs at least five years, according to the German gas association Future Gas.Mr.
In addition, Natural Resources Minister Jonathan Wilkinson told The Globe Friday he doesn‘t want to “oversell the LNG opportunity” on Canada’s East Coast. The Saint John LNG terminal in New Brunswick, owned by Spain’s Repsol SA, is also proposing to export LNG from Canada’s East Coast. Mr. Wilkinson told The Globe in July the New Brunswick and Nova Scotia projects will both need to move forward without federal financing.
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