The Aporia
Prime Minister Mark Carney met with European Union leaders in Strasbourg, France to discuss strengthening ties amid tensions with the United States. Experts suggest that an alliance could enhance Europe’s energy security without necessitating direct oil and liquefied natural gas shipments across the Atlantic. Werner Antweiler from the University of British Columbia highlights Europe's precarious position as it seeks alternatives to Russian imports following Russia’s invasion of Ukraine in 2022. While Canada has pipelines and port infrastructure to export resources to Asia, such options are limited for east coast exports and could take over a decade to develop. In the interim, swap contracts allow European companies to secure stable gas supplies from Canadian sources destined elsewhere.