Canada will look at supporting more liquefied natural gas (LNG) terminals as long as they are economically feasible because they are needed to keep the world from burning coal again amid the current energy crunch, Finance Minister Chrystia Freeland said on Friday.
LNG "is an important transition fuel," Freeland told reporters in Washington at the end of annual IMF and World Bank meetings. "We will always be looking at economically viable LNG projects."
German Chancellor Olaf Scholz visited in August, looking for Canada - the world's fifth largest producer of natural gas - to play a "major role" in filling the shortfall brought on by Russia's invasion of Ukraine, but went home with
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