Home Economy Germany to Sign Hydrogen Deal With Canada

Germany to Sign Hydrogen Deal With Canada

Germany to Sign Hydrogen Deal With Canada
Photo Courtesy: CBC

According to officials, Germany’s Chancellor Olaf Scholz will sign a deal to establish hydrogen supply chains with Canada during his two-day visit as Berlin accelerates its green transition to reduce dependence on Russian gas supplies. With worries that Russia could completely shut down already heavily thickened gas flows in retaliation for Western sanctions as per its invasion of Ukraine, Scholz will also examine the prospects for Canadian liquefied natural gas (LNG) deliveries to Germany, the German officials said. So, the article is Germany to Sign Hydrogen Deal With Canada.

However, they cautioned that this would not deliver a solution for this winter when Germany is facing a possible gas shortage, nor following, as the infrastructure is not yet in place. So, along with Economy Minister Robert Habeck and a large business delegation in tow, Scholz heads to Canada on his first official travel to the country, with a packed itinerary taking him to Montreal, Toronto, and the small, remote windswept town of Stephenville in the eastern island of Newfoundland.

While Scholz desires to deepen economic cooperation with Canada, the war in Ukraine will be discussed, among other topics. Top of the agenda is an accord on hydrogen the chancellor will sign with Canadian Prime Minister Justin Trudeau in Stephenville, where there are plans to build a plant that will use wind energy to construct the fuel for export.

The business delegation will contain executives from the energy, environment, chemical, automobile, shipping, and mining sectors, the officials said. Volkswagen CEO Herbert Diess will be among those traveling, people familiar with the matter. However, talks on August 22nd will concentrate on cooperation in the energy sector, and Scholz will also visit the Institute for Learning Algorithms to learn more about the development of artificial intelligence.

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