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May 9, 2022

Canada in talks with Repsol and Pieridae to boost gas exports to Europe

Repsol is planning to build an LNG facility in New Brunswick while Pieridae proposed to build an LNG facility in Nova Scotia.

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The Canadian Government is in talks with Repsol and Pieridae Energy to accelerate the development of LNG export terminals to help increase gas supplies to Europe, reported Reuters, citing the country’s Natural Resources Minister Jonathan Wilkinson.

Spanish company Repsol is planning to build an LNG facility in New Brunswick while Pieridae Energy proposed the Goldboro LNG facility in Nova Scotia.

Pieridae’s proposed project will see the construction of a 2.4 megatonne per annum floating export facility.

Following Russia’s military war against Ukraine, Canada and European countries have held talks over ways to boost energy exports to Europe.

Canada currently only has only one LNG facility on its west coast, which is under construction.

Wilkinson said in an interview: “We are looking at Goldboro and Repsol’s projects and discussing these with the proponents and with German and European counterparts.

“We are looking at whether there are things we can do to expedite one or more of the projects in a manner that’s consistent with environmental considerations and a long-term transition to a lower-carbon future.”

Pieridae spokesman James Millar confirmed that the company held discussions with the Canadian Government over the proposed LNG export facility.

Millar said in an email: “Pieridae has a solution that would allow Canada to take a leadership role in supplying much needed natural gas overseas to help solve this issue. We would do this through a net-zero emissions LNG export facility that is actionable today.”

Repsol currently operates an LNG import facility in Saint John. It acquired a 100% stake in the project last year.

Wilkinson said that the two proposed LNG export projects would “almost certainly” have to make use of renewable electricity in their liquefaction process to proceed.

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