Alberta aims to bring Canadian LNG to Japan as Canada’s oil and gas production provinces seek alternative export routes for energy amid the threat of tariffs from the US administration.
This week, Alberta’s Minister of Environment and protected area Rebecca Schultz is holding a meeting with Tokyo’s industry and industry associations to discuss Canadian energy exports to Japan. At one of these meetings, Schultz discussed “the important importance of Canada’s LNG to Japan’s energy security.”
“As Japan moves away from coal, reliable LNG from Canada will reduce emissions and strengthen economic ties between the two countries,” Schultz posted on X.
Canada will start operating its first LNG export project this year. LNG Canada is approaching its first shipment of cargo.
Alberta needs to find more export routes for energy, Schultz told Reuters in an interview published Thursday.
“Given what we see in the US, this is the necessary strengthening to diversify export markets, and Japan, which is already an existing relationship, will become an important area of focus,” said the Alberta minister. He told Reuters.
Alberta has advantages over the US in terms of geography. Alberta’s routes for LNG and other energy exports are much shorter than the Japanese route in the US Gulf Coast, Schultz said, and the state also says it has “lower geopolitical risks.” We are now.
Alberta is working on four or five projects for additional export capabilities, Schultz told Reuters.
“We look forward to receiving shipments from LNG Canada, but we want to diversify our energy sources so we need to do more from Canada,” the industry said at a meeting in Tokyo this week.
Alberta has a fascinating appeal in Japan, but the US president is scheduled to meet with the Japanese Prime Minister later this week, potential support for Japan’s $44 billion LNG export project planned in Alaska can be discussed.
By Tsvetana Paraskova on ofprice.com
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