New Brunswick and Czechia have signed a second memorandum of understanding in support of energy development.

This follows the signing of another memorandum last June on energy issues and further development of liquefied natural gas (LNG) being a transition energy source.

In a news release, the second memorandum details the role New Brunswick natural gas could play if it were developed, and focuses on the need for liquefied natural gas.

Natural Resources and Energy Development Minister Mike Holland says Czechia has significant interest in a secure supply of LNG to be used as a transition source of energy to lower greenhouse gases by replacing other fossil fuels.

He also said New Brunswick has an underdeveloped natural gas reserve of nearly 2.2 trillion cubic metres, which would create economic benefits for the province with Czechia as a substantial consumer.

“New Brunswick can be a leader in this clean-energy transition and help supply countries like Czechia to meet their energy needs while lowering their greenhouse gas emissions,” said Holland.

Holland met with Czechia Industry and Trade Minister Jozef Síkela to sign the second memorandum in Paris at the World Nuclear Exhibition.

“Following the energy crisis in Europe caused by the Russian war in Ukraine, we are focused on increasing our energy security, while also pursuing the transition to a net-zero economy,” said Síkela. 

“I am pleased to further develop the co-operation with New Brunswick, as we see Canada and its provinces as key partners, which was also reflected during my visit to Canada this June.”