Risk of Stranded LNG Assets Is Real, Canada’s Wilkinson Says
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The US decision to pause approvals of new licenses to export liquefied natural gas is welcome, and there are “real” risks that some infrastructure will end up stranded, Canada’s energy minister said.
The Administration of US President Joe Biden is “doing the right thing” and is following on the footsteps of Canada’s measures to fight climate change, Jonathan Wilkinson said in a Bloomberg TV interview in Paris. “Increasingly, there is a lot of skepticism about how many more LNG facilities are going to be required and the risk of stranded assets is a real one.”