{"id":1427,"date":"2026-09-19T03:00:38","date_gmt":"2026-09-18T19:00:38","guid":{"rendered":"https:\/\/btbitcoin.net\/index.php\/2026\/09\/19\/what-would-a-canada-eu-energy-alliance-look-like\/"},"modified":"2026-09-19T03:00:38","modified_gmt":"2026-09-18T19:00:38","slug":"what-would-a-canada-eu-energy-alliance-look-like","status":"publish","type":"post","link":"https:\/\/btbitcoin.net\/index.php\/2026\/09\/19\/what-would-a-canada-eu-energy-alliance-look-like\/","title":{"rendered":"What would a Canada-EU energy alliance look like?"},"content":{"rendered":"
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Prime Minister Mark Carney participates in a joint news conference with President of the European Parliament Roberta Metsola, not shown, at the European Parliament in Strasbourg, France, on Thursday, Sept. 17, 2026. THE CANADIAN PRESS\/Justin Tang – The Canadian Press <\/figcaption><\/figure>\n

CALGARY \u2014 Canada has the potential to bolster Europe’s energy security through a new alliance, but experts say it doesn’t necessarily mean tankers crossing the Atlantic Ocean laden with oil or liquefied natural gas. <\/p>\n

Prime Minister Mark Carney was in Strasbourg, France, this week where he and European Union leadership discussed strengthening ties on several fronts amid strained relations with the United States. <\/p>\n

“Europe is in a precarious situation on multiple fronts,” said Werner Antweiler, an economist at the University of British Columbia. <\/p>\n

The European Union has historically relied on Russian energy imports, but pivoted to other sources following that country’s invasion of Ukraine in 2022. Middle Eastern supplies filled some of that gap until the United States and Israel launched their war against Iran in February, crimping shipments out of the Persian Gulf. The United States itself is a major exporter of LNG to Europe, but U.S. President Donald Trump has thrown global trade into disarray. <\/p>\n

Canada has pipelines and port infrastructure to export oil and gas from the West Coast to Asia. Not so in the East. <\/p>\n

“There’s nothing imminent in the short-term that’s ready to physically take the oil and gas easily off the East Coast to Europe,” said R.J. Johnston, director of energy and natural resources policy at the University of Calgary’s School of Public Policy. <\/p>\n

“No doubt that will take time, even with the new regulatory guidelines and additional public-sector support that seems to be available for those projects.” <\/p>\n

There are options in the meantime, though. <\/p>\n

European companies have the ability to secure a stable gas supply from Canada through what’s known as swap contracts, where a cargo headed from British Columbia to Asia, for instance, could be traded with another one half a world away. Earlier this year, two German companies signed agreements to buy liquefied natural gas from the Ksi Lisims LNG plant planned for the northern B.C. coast. <\/p>\n

“The players that have been investing in LNG out there are really more trading oriented, so they can pursue things like swaps and moving cargoes between the Atlantic and the Pacific basins within their larger portfolio,” Johnston said. <\/p>\n

Dynamics in the oil market are different, but Antweiler said there could be a more general “reshuffling” of supply: Canada adding to the broader market, freeing up barrels for Europe that meet its stringent environmental standards. <\/p>\n

This summer, Alberta Premier Danielle Smith and Ontario Premier Doug Ford floated a plan called the Northern Shield Energy Corridor to ship Alberta crude to refineries Sarnia, Ont., with the potential of opening up new export paths via the Atlantic. <\/p>\n<\/p><\/div>\n