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Tuesday, May 27, 2014

New Markets Being Explored For Canaport LNG

More attention has been focused on Saint John of late as a place where natural gas could be exported to Europe in light of what has been happening in Russia and the Ukraine. 

The Europeans are said to want to lessen their dependence on Russian natural gas. Irving Oil President Paul Browning can see the potential for Canaport L-N-G. He says Europe would be the most obvious choice as a market, and also talks about South America and India.

Browning says what the company needs before anything else takes place is an abundant supply of natural gas that's cost competitive.

It appears Irving Oil and all four Atlantic Premiers who met in Saint John agree on the need on commercializing natural resources.