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Germany enlists Canada to speed transition away from Russian gas

Germany enlists Canada to speed transition away from Russian gas

BNN Bloomberg
Monday, June 27, 2022 10:55:06 PM UTC

German Chancellor Olaf Scholz used a meeting with Canadian Prime Minister Justin Trudeau to push for closer energy ties as his ruling coalition in Berlin races to find alternatives to Russian fossil fuels.

Germany hopes to import liquefied natural gas from Canada to help replace the Russian gas it still relies on for more than a third of its imports, down from about half before the invasion of Ukraine. Germany and Canada have been discussing options for an LNG terminal on Canada’s east coast to export to Europe, German officials said.

Meeting Monday on the sidelines of the Group of Seven summit in Bavaria, Scholz and Trudeau discussed how to maintain pressure on President Vladimir Putin and cut reliance on Russia for energy. “The two countries will cooperate even better than they already do,” Scholz said, standing next to Trudeau before their talks at Schloss Elmau.

Scholz plans to visit Trudeau in Canada in late August, and German officials are hopeful the two countries will be able to announce an LNG deal by then.

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