PM Carney promotes Canada as energy solution for Europe, Asia

Canadian Prime Minister Mark Carney said expanding the country’s liquefied natural gas export infrastructure would strengthen Canada’s position in global energy markets and help reduce dependence on Russian gas supplies.

Speaking ahead of an energy-related announcement in British Columbia, Carney highlighted the Ksi Lisims LNG project, which is reportedly linked to an agreement to supply one million metric tons of liquefied natural gas annually from Canada to buyers in Germany, CBC reports.

Asked whether Canadian gas could replace Russian energy resources in global supplies, Carney replied: “Yes.”

According to the prime minister, Canada is increasingly viewed as “one of the solutions” for strengthening energy security in both Europe and Asia.

He stressed that the development of new export infrastructure, including an LNG terminal on Canada’s west coast, carries strategic importance for the country’s international partners.

“The new terminal will contribute to Germany's energy security, and there is still much we can do in partnership with Europe,” Carney said.

By Vafa Guliyeva