• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
The climate news that makes a difference.
No Result
View All Result
The Energy Mix
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
  FEATURED
Historic Deal Reopens B.C. Indigenous Land to Fracking, Promises Land Restoration March 19, 2023
Repsol Abandons Plan to Ship Canadian LNG to Europe March 17, 2023
Biden Approves $8B Oil Extraction Plan in Ecologically Sensitive Alaska March 14, 2023
U.S. Solar Developers Scramble after Silicon Valley Bank Collapse March 14, 2023
$30.9B Price Tag Makes Trans Mountain Pipeline a ‘Catastrophic Boondoggle’ March 14, 2023
Next
Prev

Repsol Abandons Plan to Ship Canadian LNG to Europe

March 17, 2023
Reading time: 2 minutes

Environmental Defence Canada/flickr

Environmental Defence Canada/flickr

18
SHARES
 

Spanish oil and gas giant Repsol SA has dropped its plan to ship liquefied natural gas (LNG) to Europe from a terminal in New Brunswick, citing high shipping costs.

Repsol was looking into the feasibility of expanding its Canaport import terminal in Saint John to handle exports. “But the company has deemed it too expensive to ship natural gas from fields in western Canada across the continent to port,” Bloomberg reports.

  • Concise headlines. Original content. Timely news and views from a select group of opinion leaders. Special extras.
  • Everything you need, nothing you don’t.
  • The Weekender: The climate news you need.
Subscribe

“To reach the terminal, gas would have to be transported from thousands of kilometres (miles) away in western Canada, requiring new pipeline capacity” from project partner TC Energy, Reuters writes.

The notion of East Coast LNG exports “has been around for decades,” Bloomberg states, taking on new urgency last year when German Chancellor Olaf Scholz was scrambling for new supplies to replace gas from Russia. But even then, Germany made it clear that was looking for legitimately green supply sources, and ultimately green hydrogen, over a 20-year span, raising serious doubts about whether a new LNG export project would ever break even.

Bloomberg says Repsol’s Saint John LNG facility was seen as the best prospect for an East Coast export terminal, since the facility is already in place and could have skipped extensive regulatory review. But when Natural Resources Canada Minister Jonathan Wilkinson convened Repsol and TC Energy representatives last week to determine whether the project could proceed, Repsol declared it a no-go.

“Following a study carried out by the company, it was determined to not continue with the Saint John liquefaction project as the tolls associated to it made it uneconomical,” Saint John LNG spokesperson Michael Blackier told Bloomberg in an email.

The provincial government had “hoped an expansion of the Saint John terminal could provide a rationale for ending the moratorium on shale gas development in New Brunswick,” CBC says. “Gas from New Brunswick is a ‘possible solution’ for Europe, Premier Blaine Higgs said last spring, adding that it would be less expensive than gas shipped to a Saint John terminal over long distances via pipelines.”

But “it is up to individual proponents to ensure the economic viability of their proposed projects,” Wilkinson spokesperson Ian Cameron told media. “In the case of Saint John LNG, the project proponent has informed us that their evaluation concludes there is no business case, as the cost of transporting gas across the significant distances are too high.”



in Canada, Finance & Investment, International Security & War, Pipelines / Rail Transport, Shale & Fracking, Sub-National Governments, UK & Europe

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

EcoFlight
First Peoples

Historic Deal Reopens B.C. Indigenous Land to Fracking, Promises Land Restoration

March 19, 2023
308
U.S. Bureau of Safety and Environmental Enforcement/flickr
Oil & Gas

Willow Oil Project in Alaska Faces Legal Challenges, Economic Doubts

March 19, 2023
15
Wikipedia
Climate Denial & Greenwashing

Fossil Funding Makes Indigenous Resource Network a ‘Propaganda Machine’, Opponent Says

March 19, 2023
0

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

David Dodge, Green Energy Futures/flickr

U.S. Solar Developers Scramble after Silicon Valley Bank Collapse

March 14, 2023
506
EcoFlight

Historic Deal Reopens B.C. Indigenous Land to Fracking, Promises Land Restoration

March 19, 2023
308
Behrat/Wikimedia Commons

Hawaii Firm Turns Home Water Heaters into Grid Batteries

March 14, 2023
489
Environmental Defence Canada/flickr

Repsol Abandons Plan to Ship Canadian LNG to Europe

March 18, 2023
268
Rebecca Bollwitt/flickr

Fossils Stay ‘Oily’, Gibsons Sues Big Oil, U.S. Clean Energy Booms, EU Pushes Fossil Phaseout, and Fukushima Disaster was ‘No Accident’

March 14, 2023
227
U.S. National Transportation Safety Board/flickr

$30.9B Price Tag Makes Trans Mountain Pipeline a ‘Catastrophic Boondoggle’

March 14, 2023
270

Recent Posts

U.S. Bureau of Safety and Environmental Enforcement/flickr

Willow Oil Project in Alaska Faces Legal Challenges, Economic Doubts

March 19, 2023
15
Wikimedia Commons/Humans of Vanuatu

Six Countries Call for Fossil-Free Pacific

March 19, 2023
0
Wikipedia

Fossil Funding Makes Indigenous Resource Network a ‘Propaganda Machine’, Opponent Says

March 19, 2023
0
@davenewworld_2

Keystone Pipeline Safety Worries Lawmakers after TC Energy Ordered to Reduce Operating Pressure

March 19, 2023
1
moerschy / Pixabay

Planetary Weight Study Shows Humans Taking Most of Earth’s Resources

March 19, 2023
1
U.S. Bureau of Land Management/flickr

Biden Approves $8B Oil Extraction Plan in Ecologically Sensitive Alaska

March 14, 2023
137
Next Post
moerschy / Pixabay

Planetary Weight Study Shows Humans Taking Most of Earth’s Resources

The Energy Mix - The climate news you need

Copyright 2023 © Energy Mix Productions Inc. All rights reserved.

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Proudly partnering with…

scf_withtagline
No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}