Varcoe: Will Canada Answer the Call for LNG? ‘It’s a TBD,’ Says Enbridge Head

Rhea-AI Summary

Enbridge CEO Greg Ebel has highlighted increasing demand for Canadian natural gas from international partners, particularly Japan and Germany. In a recent interview, Ebel emphasized the need for Canada to enhance its Liquefied Natural Gas (LNG) sector in response to these requests. He described the situation as 'to be determined,' indicating that while there is recognition of the obligation to supply, the approach to meeting this demand is still under discussion. This statement underscores the urgency to develop Canada's LNG capabilities amidst rising global interest.

Positive

• Increased interest from international partners like Japan and Germany for Canadian natural gas.
• Recognition of the obligation to supply LNG as a strategic move for Canada.

Negative

• Uncertainty regarding the speed and scale of development in the LNG sector.
• CEO's comment that the response to demand is still 'to be determined.'

NORTHAMPTON, MA / ACCESSWIRE / February 8, 2023 / Originally published by Calgary Herald

By Chris Varcoe

The CEO of Canada's largest energy company says countries such as Japan and Germany are knocking on our front door seeking supplies of natural gas.

Will this country answer the call? Are we doing enough to grow the LNG sector?

"It's a TBD," Enbridge CEO Greg Ebel said in an interview Wednesday.

"When our big allies, the Germans and the Japanese, come knocking, we've got to answer that door . . . We recognize we have an obligation to answer the door and, in good Canadian fashion, we need to make sure - we're deciding how to open the door."

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Image courtesy of Calgary Herald: LNG Canada site construction activities are held in Kitimat, B.C., in September 2022. LNG Canada/Handout via REUTERS

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SOURCE: Enbridge

View source version on accesswire.com:
https://www.accesswire.com/738580/Varcoe-Will-Canada-Answer-the-Call-for-LNG-Its-a-TBD-Says-Enbridge-Head

FAQ

What did Enbridge CEO Greg Ebel say about LNG demand on February 8, 2023?

He stated that countries like Japan and Germany are seeking Canadian natural gas, highlighting an obligation to respond.

How is Canada responding to international LNG demand according to Enbridge?

The response is still under discussion, with the CEO indicating it is 'to be determined'.

What are the implications of increasing LNG demand for Enbridge's business?

Increased demand presents growth opportunities but also underscores uncertainties in developing the LNG sector.