Business · Energy & Commodities · 7 hrs ago
Canada pitches LNG exports as Europe’s gas demand falls
At a two-day summit in Montreal, Prime Minister Mark Carney promoted Canada as an energy supplier to the European Union.
Canada has large energy resources, while the EU has relied on imported gas and wants to diversify its supply.
Carney’s vision includes new pipelines and liquefied natural gas export terminals, but such projects can take a decade or more to build.
The EU is sharply reducing its gas consumption, and its need for imported LNG could fall further.
Europe has also expanded renewable energy after Russia’s invasion of Ukraine disrupted its gas supply and sent prices soaring.
This week, European gas prices rose above 100 euros per megawatt-hour for the first time in four years after a new energy shock.
That leaves Canada’s costly export plans facing uncertainty over future European demand.
Prime Minister Mark Carney is promoting Canadian liquefied natural gas exports to Europe as part of his plan to make Canada an “energy superpower.”
The pitch was discussed at a two-day Canada-EU summit in Montreal that ended Friday.
The proposal faces a long-term challenge because the European Union’s gas consumption is falling, potentially reducing demand for imported LNG.
Adrian Hiel of the Electrification Alliance said Europe should be out of the LNG market by the middle of the next decade.
Developing LNG pipelines, liquefaction sites and export terminals can take a decade or longer.
- Who
- Canadian Prime Minister Mark Carney is promoting LNG exports. The European Union is a potential buyer.
- What
- Canada is pitching LNG exports to Europe as part of a wider plan to become an “energy superpower.
- When
- The proposal was discussed at a two-day summit that ended Friday; the article was published October 30, 2026.
- Where
- At the Canada-EU summit in Montreal, and in relation to potential Canadian exports to the EU.
- Why
- Canada is seeking to develop its LNG industry and the EU wants to diversify its energy supply. The EU’s falling gas consumption could limit future demand.
Canada’s LNG proponents
Electrification Alliance
Future gas supply
Canada’s LNG proponents
Canadian LNG exports could help develop Canada’s energy industry and diversify the EU’s energy supply.
Electrification Alliance
The EU is reducing gas consumption, so its future need for imported LNG may fall.
Long-term prospects
Canada’s LNG proponents
Canada is promoting LNG as part of its ambition to become an “energy superpower.
Electrification Alliance
Adrian Hiel says Europe should be out of the LNG market by the middle of the next decade.
German chancellor Gerhard Schröder and his successor Angela Merkel pursued a strategy that made Germany reliant on cheap Russian pipeline gas.
Russia invaded Ukraine, and the Nord Stream pipelines built to deliver Russian gas to Germany were blown up.
The United States and Israel attacked Iran, and Tehran retaliated by closing the Strait of Hormuz.
The two-day Canada-EU summit in Montreal ended.
- Summit location
- Montreal
- Summit length
- Two days
- EU gas consumption
- Falling, according to the article
- LNG project timeline
- A decade or longer
- European gas prices
- Above 100 euros per megawatt-hour this week
- Baltic Power wind farm
- Generates enough electricity for 1.5 million Polish homes
What people are saying
What is clear is that the EU is reducing its gas consumption drastically
The long-term trend is clear and by the middle of the next decade, Europe should be out of the LNG game.