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Wednesday, March 4, 2026

Market Exists in Europe for Canadian Oil and Gas, European Parliament Chief Says

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Market Exists in Europe for Canadian Oil and Gas, European Parliament Chief Says

Piping is seen on the top of a receiving platform to be connected to the Coastal GasLink natural gas pipeline terminus at the LNG Canada export terminal under construction, in Kitimat, B.C., on Sept. 28, 2022. The Canadian Press/Darryl Dyck

European Parliament President Roberta Metsola says there is a demand in Europe for Canadian oil and gas, and indicated European Union (EU) countries might be prepared to pay a premium for Canadian conventional energy, as they strive to reduce their reliance on Russia’s resources.

Russia’s invasion of Ukraine left the EU reliant on “a very unreliable partner for gas and oil,” Metsola said during a recent interview on CTV Question Period, and that means the EU is now looking for more reliable partnerships.

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