Questerre comments on LNG Export from Quebec to Europe
https://finance.yahoo.com/news/questerre-comments-lng-export-potential-041500264.html
CALGARY, Alberta, Aug. 24, 2022 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on recent comments by the Prime Minister of Canada on the potential for LNG exports from Eastern Canada to Europe. The comments were made during the visit to Canada by the Chancellor of Germany from August 21 to August 23, 2022.
Michael Binnion, President, and Chief Executive Officer, commented, “We were pleased to hear the Prime Minister express his unwavering commitment to improving Europe’s energy security. The current energy crisis in Germany and Europe is expected to worsen this winter and it was encouraging to hear how Canada wants to help. Just as Norway is increasing its natural gas production to support Europe, Canada can too. We are a trusted partner and among the best in the world at producing reliable energy to the highest standards in a lower emissions world.”
He added, “The Prime Minister also noted the business case for LNG exports from Canada’s East Coast may be hindered by distance from gas fields in Western Canada. Questerre’s project in Quebec addresses this concern. Our proven discovery is less than ten kilometres from an LNG export project with permits at Becancour and tidewater access to Europe. As the producer of the natural gas, we can deliver to the export facility directly, eliminating the risks of securing sufficient and reliable supply to meet long-term supply contracts. The business case is established for our Company which previously made a final investment decision supported by independent reports to proceed with the production of natural gas.”
Geographically, Quebec is ideally located to supply LNG to Germany. The port of Quebec is half the distance to the port of Hamburg in Germany compared to the LNG export terminal in Qatar and over 500 miles closer than the Cove Point LNG facility in Maryland on the US East Coast.
He further added, “Over the longer term we share the Canadian Government’s view that hydrogen can be a big opportunity. With near zero-emissions Clean Gas, we can also contribute to the shared goals of Canada and Germany in the fight against climate change. By eliminating the emissions from production and utilizing new carbon technology, we can use this Clean Gas to produce zero-emissions hydrogen as well as ammonia for export. This is consistent with new Hydrogen Pact signed by G7 countries earlier this year including Canada and Germany.”
Questerre is seeking to have Bill 21, An Act mainly to end petroleum exploration and production and the public financing of those activities, that unilaterally terminates its license agreements in Quebec judged illegal and unconstitutional. The Company is objecting to the revocation of its license agreements and is seeking just compensation for the value of its license agreements including its significant discovery.
Questerre is an energy technology and innovation company. It is leveraging its expertise gained through early exposure to low permeability reservoirs to acquire significant high-quality resources. We believe we can successfully transition our energy portfolio. With new clean technologies and innovation to responsibly produce and use energy, we can sustain both human progress and our natural environment.
Questerre is a believer that the future success of the oil and gas industry depends on a balance of economics, environment, and society. We are committed to being transparent and are respectful that the public must be part of making the important choices for our energy future.
Advisory Regarding Forward-Looking Statements
This news release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”) including the Company’s views on its project to provide LNG to Europe, its plans to have Bill 21 judged illegal and unconstitutional, its plans to object to the revocation of its license agreements and seek just compensation for the value of these agreements.
Forward-looking statements are based on several material factors, expectations, or assumptions of Questerre which have been used to develop such statements and information, but which may prove to be incorrect. Although Questerre believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because Questerre can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Further, events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including, without limitation: the implementation of Bill 21 by the Government of Quebec and certain other risks detailed from time-to-time in Questerre's public disclosure documents. Additional information regarding some of these risks, expectations or assumptions and other factors may be found under in the Company's Annual Information Form for the year ended December 31, 2021, and other documents available on the Company’s profile at www.sedar.com. The reader is cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and Questerre undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
CALGARY, Alberta, Aug. 24, 2022 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on recent comments by the Prime Minister of Canada on the potential for LNG exports from Eastern Canada to Europe. The comments were made during the visit to Canada by the Chancellor of Germany from August 21 to August 23, 2022.
Michael Binnion, President, and Chief Executive Officer, commented, “We were pleased to hear the Prime Minister express his unwavering commitment to improving Europe’s energy security. The current energy crisis in Germany and Europe is expected to worsen this winter and it was encouraging to hear how Canada wants to help. Just as Norway is increasing its natural gas production to support Europe, Canada can too. We are a trusted partner and among the best in the world at producing reliable energy to the highest standards in a lower emissions world.”
He added, “The Prime Minister also noted the business case for LNG exports from Canada’s East Coast may be hindered by distance from gas fields in Western Canada. Questerre’s project in Quebec addresses this concern. Our proven discovery is less than ten kilometres from an LNG export project with permits at Becancour and tidewater access to Europe. As the producer of the natural gas, we can deliver to the export facility directly, eliminating the risks of securing sufficient and reliable supply to meet long-term supply contracts. The business case is established for our Company which previously made a final investment decision supported by independent reports to proceed with the production of natural gas.”
Geographically, Quebec is ideally located to supply LNG to Germany. The port of Quebec is half the distance to the port of Hamburg in Germany compared to the LNG export terminal in Qatar and over 500 miles closer than the Cove Point LNG facility in Maryland on the US East Coast.
He further added, “Over the longer term we share the Canadian Government’s view that hydrogen can be a big opportunity. With near zero-emissions Clean Gas, we can also contribute to the shared goals of Canada and Germany in the fight against climate change. By eliminating the emissions from production and utilizing new carbon technology, we can use this Clean Gas to produce zero-emissions hydrogen as well as ammonia for export. This is consistent with new Hydrogen Pact signed by G7 countries earlier this year including Canada and Germany.”
Questerre is seeking to have Bill 21, An Act mainly to end petroleum exploration and production and the public financing of those activities, that unilaterally terminates its license agreements in Quebec judged illegal and unconstitutional. The Company is objecting to the revocation of its license agreements and is seeking just compensation for the value of its license agreements including its significant discovery.
Questerre is an energy technology and innovation company. It is leveraging its expertise gained through early exposure to low permeability reservoirs to acquire significant high-quality resources. We believe we can successfully transition our energy portfolio. With new clean technologies and innovation to responsibly produce and use energy, we can sustain both human progress and our natural environment.
Questerre is a believer that the future success of the oil and gas industry depends on a balance of economics, environment, and society. We are committed to being transparent and are respectful that the public must be part of making the important choices for our energy future.
Advisory Regarding Forward-Looking Statements
This news release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”) including the Company’s views on its project to provide LNG to Europe, its plans to have Bill 21 judged illegal and unconstitutional, its plans to object to the revocation of its license agreements and seek just compensation for the value of these agreements.
Forward-looking statements are based on several material factors, expectations, or assumptions of Questerre which have been used to develop such statements and information, but which may prove to be incorrect. Although Questerre believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because Questerre can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Further, events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including, without limitation: the implementation of Bill 21 by the Government of Quebec and certain other risks detailed from time-to-time in Questerre's public disclosure documents. Additional information regarding some of these risks, expectations or assumptions and other factors may be found under in the Company's Annual Information Form for the year ended December 31, 2021, and other documents available on the Company’s profile at www.sedar.com. The reader is cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and Questerre undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
BIF78
24.08.2022 kl 07:28
24089
Så kan vi afvente hvad modsvaret bliver eller hvad domstolene siger. Spændende tider.
sigj2
24.08.2022 kl 07:31
24054
Ja veldig spennende men for meg virker det som om han statsministeren i Canada ikke har fått med seg at Quebec er fullstendig imot alt i oljeindustrien der hehe
Mon ikke, at han har alle info omkring Quebec 😉
Her er en oversatt del av meldingen slik at dere forstår.
Questerre søker å få lovforslag 21, en lov hovedsakelig for å avslutte petroleumsleting
og produksjon og offentlig finansiering av disse aktivitetene, som ensidig
sier opp sine lisensavtaler i Quebec dømt ulovlig og grunnlovsstridig.
Selskapet protesterer mot tilbakekalling av sine lisensavtaler og er
søker rettferdig kompensasjon for verdien av sine lisensavtaler inkludert dens
betydelig funn.
Enhver som leser Canadisk grunnlov skjønner at denne loven er direkte grunnlovsstridig og Qec vil gå seirende ut av prosessen hvis domstolene ikke er korrupt.
Canadisk grunnlov er krystallklar på dette området som omhandler å ta rettigheter og land fra selskaper eller innbyggere.
Questerre søker å få lovforslag 21, en lov hovedsakelig for å avslutte petroleumsleting
og produksjon og offentlig finansiering av disse aktivitetene, som ensidig
sier opp sine lisensavtaler i Quebec dømt ulovlig og grunnlovsstridig.
Selskapet protesterer mot tilbakekalling av sine lisensavtaler og er
søker rettferdig kompensasjon for verdien av sine lisensavtaler inkludert dens
betydelig funn.
Enhver som leser Canadisk grunnlov skjønner at denne loven er direkte grunnlovsstridig og Qec vil gå seirende ut av prosessen hvis domstolene ikke er korrupt.
Canadisk grunnlov er krystallklar på dette området som omhandler å ta rettigheter og land fra selskaper eller innbyggere.
1013
24.08.2022 kl 07:52
23793
BILL 21 er død. De får lov til at hente gassen. Alternativ kæmpe erstatning.
Kan vi gå forbi 2 NOK allerede i dag? :-)
Bum bummelum, så brød vi igennem 2 NOK!!!!.......langt væk fra XL´s target på 0,50 NOK :-) hmm
Forsiktig
24.08.2022 kl 13:23
23037
Den ser ut til å trives over 2 kroner.. Spenn fast sikkerhetsbeltet.
Villmannen
24.08.2022 kl 13:23
23019
sigj2 skrev Halleluja!!!!! Hahaha 🤑🤑🤑🤑🤑
Hvorfor Halleluja for kr. 2.- ? Her tar folk lodd for å se om statsministeren i Canada nå virkelig vil bistå slik han har annonsert. Da kan jo QEC gå til 10-20-30 kroner? Det er ett lodd man bør ta. Selv har jeg ikke all verden å kjøpe for, men tok noen lodd.
sigj2
24.08.2022 kl 13:31
22918
Garantert noen som har tatt en tlf over dammen for å høre hva som er i ferd med å skje.
Når man har inngang på rett over krona er det lov å hyle Halleluja!!!!
Når man har inngang på rett over krona er det lov å hyle Halleluja!!!!
solid1
24.08.2022 kl 13:47
22781
Enig i vurderingen din. 👍
Gass-krisen i Europa er av russisk opprinnelse.
De påfølgende timer/dager nå, kan vi nok få både opptur og nedtur, nærmest som en russisk rullett.😯
Antar at mulighetene for russiske prosenter kan være større, men vi må nok vente minst til freddan før den står 😇, går eller kommer. 😊🥂 lykke til.
2,10 NOK skal testes i dag.
sigj2
25.08.2022 kl 07:36
21546
Får håpe det,hvis det ikke er hold i dette så er det rett ned til 1.68 igjen.
OPC1000
25.08.2022 kl 07:48
21433
Investtech
QEC utviklet seg positivt og steg 12.6 prosent til en sluttnotering på 2.02 kroner. Vi må tilbake til 23. mars for å finne en høyere sluttnotering for aksjen. Aksjen utløste et kjøpssignal på økende volum ved bruddet opp gjennom motstanden ved 1.86 kroner i en rektangelformasjon. En videre oppgang til 2.78 kroner i løpet av sju måneder indikeres. Det var dessuten høy omsetning. Totalt ble det handlet for cirka 19 millioner kroner i aksjen, noe som er åtte ganger så mye som vanlig dagsomsetning.
QEC utviklet seg positivt og steg 12.6 prosent til en sluttnotering på 2.02 kroner. Vi må tilbake til 23. mars for å finne en høyere sluttnotering for aksjen. Aksjen utløste et kjøpssignal på økende volum ved bruddet opp gjennom motstanden ved 1.86 kroner i en rektangelformasjon. En videre oppgang til 2.78 kroner i løpet av sju måneder indikeres. Det var dessuten høy omsetning. Totalt ble det handlet for cirka 19 millioner kroner i aksjen, noe som er åtte ganger så mye som vanlig dagsomsetning.
Begriffenfeldt
25.08.2022 kl 09:31
21074
Sikreste som finnes: Når Investech anbefaler QEC så stuper kursen.
1013
25.08.2022 kl 09:36
21002
Begriffenfeldt skrev Sikreste som finnes: Når Investech anbefaler QEC så stuper kursen.
QEC styres af kortsigtede investorer der ikke ser at qec er underpriset, de går benhårdt efter en lille gevinst og så videre til næste handel, det ødelægger muligheden for en stabil periode med kursstigninger.
OPC1000
25.08.2022 kl 09:37
20979
Cph2500 skrev Vi kommer under 2 kr igen ..Desværre..
Du mener under 1 ?
OPC1000
25.08.2022 kl 09:40
20942
Begriffenfeldt skrev Sikreste som finnes: Når Investech anbefaler QEC så stuper kursen.
Det er faktisk tredje gangen akkurat det samme skjer. Jeg følger med på Investtech.
Ganske utrolig da treffprosenten burde ligge på 50%.
Så får vi se utover dagen.
Men Durham har 100% rett når han i ettertid skal kommentere utviklingen.
Ganske utrolig da treffprosenten burde ligge på 50%.
Så får vi se utover dagen.
Men Durham har 100% rett når han i ettertid skal kommentere utviklingen.
Cph2500
25.08.2022 kl 09:41
20920
OPC1000 skrev Du mener under 1 ?
Vi har foreløbig en støtte 1.58 ..
sigj2
25.08.2022 kl 09:44
20852
Herremann da,det var gøy da så lenge det varte.
Vi skal vel aldri noensinne over 2kr igjen ifølge Sp 🤣
Vi skal vel aldri noensinne over 2kr igjen ifølge Sp 🤣
Cph2500
25.08.2022 kl 09:49
20793
OPC1000 skrev Inden sommerens slud ?
Hvis støtten 1.58 ikke holder ...Så er vi under 1 kr igen.
Desværre...
Desværre...
Peter Sellers
25.08.2022 kl 10:02
20650
@1013, det gjelder ikke bare Qec, mange aksjer på OB som blir tradet på akkurat samme måte :))
C-Eiken
25.08.2022 kl 10:02
20643
OPC1000 skrev Du har aldri svart på når "sommerens slud" er ?
Eller hvorfor den skal under 1kr. igen.. Samme kedelig tekst fra ham igen og igen uden tekniske analyser eller fakta der kan belyse hvorfor den er under 1kr. værd modsata andre der bringer værdier frem hvor den er 3-5kr. PE
Igår var det grådigheten som rådet, idag har frykten tatt overhånd..
Cph2500
25.08.2022 kl 10:21
20653
Det kan du ikke bruge til noget..
Det er markedet der bestemmer..
Den har været under 1 kr før ..Det kan sagtens ske igen
Det er markedet der bestemmer..
Den har været under 1 kr før ..Det kan sagtens ske igen
Cph2500 skrev Vi kommer under 1 igen..
Og der pikket det liv i gåsa igjen og ja, blir to uker med kontinuerlig gnål om 1kr. igjen nå da.
sigj2
25.08.2022 kl 10:30
20559
Var det ikke under krona etter sommeren?
Har du noe dato på når sommeren er over?
Har du noe dato på når sommeren er over?
Redigert 25.08.2022 kl 10:31
Du må logge inn for å svare
Fjellbris
25.08.2022 kl 10:31
20548
Her er hva Domus skrev i går. Som mange andre også har påpekt, ref man mener forbudet er ulovlig. Nå må retten se på dette, og eventuelt omgjøre. Det var altså ikke bare å implementere forbudet 23. august. Dersom det blir stående, venter enorme erstatnings krav, blir det gjort ugyldig går QEC til himmels. Uansett, ikke noe av dette er priset inn i QEC rundt kr 2,-, et selskap som trolig leverer EBITDA i år rundt 300 mill med dagens energipriser og er tilnærmet gjeldsfritt.
….
Domus
I går kl 21:52
1041
njn- skrev
Bloomber QEC:CNToronto Questerre Energy Corp COMPANY INFO 0.27CAD +0.03+10.42% Volum 110.018
…det er opp til retten å avgjøre om Bill21 er valid. Den skulle innføres 23.august, men mest sannsynlig er den på vent inntil retten har tatt en avgjørelse.
….
Domus
I går kl 21:52
1041
njn- skrev
Bloomber QEC:CNToronto Questerre Energy Corp COMPANY INFO 0.27CAD +0.03+10.42% Volum 110.018
…det er opp til retten å avgjøre om Bill21 er valid. Den skulle innføres 23.august, men mest sannsynlig er den på vent inntil retten har tatt en avgjørelse.
Redigert 25.08.2022 kl 10:32
Du må logge inn for å svare
6710
25.08.2022 kl 10:44
20460
1013 skrevet dette i går kl 22:05
“har hørt at qec skal i retten den 23 september 2022”
“har hørt at qec skal i retten den 23 september 2022”
Kennethp68
25.08.2022 kl 10:56
20357
Glem blå hydrogen og QEC med en aftale med Tyskland. Tyskland laver kun aftaler om grøn hydrogen. Vi må afvente erstatning og retssag !!
Green Means Green
A parallel conversation has been going on around the production process for any hydrogen that Canada exports to Germany. Today, Canadian hydrogen is mostly derived from fossil gas, so it’s labelled “blue” hydrogen if the resulting emissions are captured and stored or earns the dreaded “grey” designation if the carbon and methane pollution is simply released into the atmosphere. A project like the Port au Port wind farm would produce “green” hydrogen, and it wouldn’t need an eastbound pipeline from British Columbia, Alberta, or Saskatchewan to get the product to an export terminal.
Green hydrogen is also the only formulation that Germany would likely accept, Schlaudraff told The Mix in May.
“When we say hydrogen, we mean ‘green’ hydrogen,” he said. “The Canadian side, for very good reason, prefers to talk about ‘clean’ hydrogen. The situation in Canada is different, and we appreciate that. But the German funding instruments for the hydrogen economy are all geared toward green hydrogen,” and “if you look at the opportunities for Canada to export hydrogen to Europe, it is simply green hydrogen made from water and electrolysis, because of the huge potential of renewables in Canada.”
https://www.corporateknights.com/energy/canadian-lng-deal-with-germany-seems-unlikely-as-emphasis-grows-on-hydrogen/
Green Means Green
A parallel conversation has been going on around the production process for any hydrogen that Canada exports to Germany. Today, Canadian hydrogen is mostly derived from fossil gas, so it’s labelled “blue” hydrogen if the resulting emissions are captured and stored or earns the dreaded “grey” designation if the carbon and methane pollution is simply released into the atmosphere. A project like the Port au Port wind farm would produce “green” hydrogen, and it wouldn’t need an eastbound pipeline from British Columbia, Alberta, or Saskatchewan to get the product to an export terminal.
Green hydrogen is also the only formulation that Germany would likely accept, Schlaudraff told The Mix in May.
“When we say hydrogen, we mean ‘green’ hydrogen,” he said. “The Canadian side, for very good reason, prefers to talk about ‘clean’ hydrogen. The situation in Canada is different, and we appreciate that. But the German funding instruments for the hydrogen economy are all geared toward green hydrogen,” and “if you look at the opportunities for Canada to export hydrogen to Europe, it is simply green hydrogen made from water and electrolysis, because of the huge potential of renewables in Canada.”
https://www.corporateknights.com/energy/canadian-lng-deal-with-germany-seems-unlikely-as-emphasis-grows-on-hydrogen/
1013
25.08.2022 kl 11:11
20251
glem nu alt om gassen og se på fact. Questerre tjener penge som aldrig før, de kommer til at tjene mange flere i 2023, det er det vi skal have focus på så skal kursen nok komme op i 5 norske inden længe.
6710
25.08.2022 kl 11:15
20205
Den Canadiske energiminister har for få dage siden udtalt at man ikke er afvisende til blå hydrogen(naturgas).
Så med miljø og klimavenlige teknikker og udvinding er dette en mulighed.
Så med miljø og klimavenlige teknikker og udvinding er dette en mulighed.