I wrote about the race for natural gas export supremacy among the US, Canada and Australia last week.
Today, the Prime Ministers of Canada and Japan met and natural gas was a main topic. The Canadian government indicated it now recognizes that it’s falling behind in the race to bring energy to the market.
The natural resources minister told reporters he met with bankers, portfolio managers and other finance officials on Monday who raised the general issue of “timeliness” in a competitive environment.
“Some of the questions really related to how quickly is this stuff going to get done … because the U.S. is trying to move ahead,” Oliver said.
The minister said the U.S. isn’t just worried about Canada’s ability to get oil to market, but liquefied natural gas too.
“We have to move,” Oliver said.
