Just keep pounding away at Carney…luv it!
In 2022 when Germany was begging for Canadian LNG there were three east coast proposals ready to go.
1: LNG Newfoundland and Labrador, a private sector consortium proposing to liquefy gas from the Jeanne d'Arc Basin and ship it to Europe from Placentia Bay.
2: The Saint John New Brunswick Canaport terminal, which Repsol proposed reversing from an import into an export terminal.
3: GNL Quebec at Port Saguenay, a $14 billion project to liquefy western Canadian gas and ship it directly across the Atlantic to Germany.
All three were dead by 2023.
Trudeay said in 2022 there was no business case for east coast LNG....
Today, Canada announced a plan to is ship LNG to Germany from BC's northwest coast.
Guess he was wrong.
But.....
To get there the ships go down the US west coast, through the Panama Canal, across the Caribbean, and only then into the Atlantic.
Or west across the Pacific through Chinese-dominated waters, past Somalia, through the Red Sea conflict zone, and through the Suez Canal.
And the terminal it is shipping from?
No final investment decision.
No private sector proponent.
A cost estimate that has ballooned from $10 billion to $26 billion.
2030 is the earliest we can sell the LNG.
How many billions do you think Canada left on the table by killing those three proposals?