RE: POLY end game24 Aug 2022 10:47
Germany is searching far and wide for gas supplies to use this winter, but also looking more strategically into the future to ensure it minimises its reliance on Russia, and it sees Canada as an important partner.
'"As Germany is moving away from Russian energy at warp speed, Canada is our partner of choice," said Scholz at a German-Canadian economic conference in Toronto. "For now, this means increasing our LNG imports. We hope that Canadian LNG will play a major role in this."'
https://www.reuters.com/business/energy/canadian-lng-could-play-major-role-germanys-shift-russian-gas-scholz-2022-08-23/
While there are no LNG terminals in Canada at the moment, and those planned are only on the west coast, it would seem safe to assume that potentially high demand from Europe would make building them both economic and highly desirable.
It's also looking to take green hydrogen (in the form of ammonia) from Canada from 2025 or so, and use this as an energy source, something both countries see has huge potential as a clean fuel.
Once the war is over it seems unlikely that Russia will find the reception for it gas and oil as welcoming as before the war from Europe (except perhaps Hungary!), and it will be more at the mercy of some large, ultra-powerful, superficially (they probably despise you as an old colonial power) friendly customers, such as China.
And that's what happens when you systematically and repeatedly abuse your most important customers; there's rarely anyway back, and you've likely lost them forever. These customers may still need to buy from you in the short term out of necessity, but their commitment to find alternative suppliers in the medium/long term is immutable. A valuable lesson for Russia, perhaps.