Canada in talks to sell nuclear-power technology, LNG to Poland

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This photograph taken on February 9, 2023 shows the nuclear power plant of Golfech in the southwestern of France.Canada can offer a stable supply of uranium and is looking to help with financing the European country's next nuclear project. Photo by MATTHIEU RONDEL/AFP via Getty Images

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Canada is seeking to sell nuclear-power technology as well as liquefied natural gas to Poland and has held talks about building an atomic reactor in the eastern European country, Trade Minister Maninder Sidhu said.

Financial Post

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The initiative comes as Ottawa boosts efforts to diversify its exports away from the United States amid an escalating trade war with President Donald Trump. Canada is set to compete with the U.S., as well as France, for a deal to build what would be Poland’s second nuclear power plant.

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The government in Warsaw earlier chose U.S. firms Westinghouse Electric Co. and Bechtel Group Inc. to construct Poland’s first nuclear facility as the country seeks to ween itself off dirty and expensive coal power. Washington has said it expects to win further nuclear contracts in Poland, a NATO ally which has bought jets and other military gear from the U.S.

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“The conversation is very positive and there’s a lot of motivation,” Sidhu told Bloomberg News about the nuclear energy talks during a visit to Poland. “I’m very optimistic.”

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Canada can offer a stable supply of uranium and is looking to help with financing the nuclear project, Sidhu said after speaking with Poland’s energy and finance ministers. Furthermore, resource-rich Canada could sell LNG to Baltic Sea terminals in swap deals, he added.

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Sidhu also visited a defence fair in Kielce, Poland, where he headed a delegation that included a record group of more than Canadian 200 companies. Tariff tensions could help Canada win more business, he said.

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“Large trading partners present a lot of uncertainty,” Sidhu said. “With the instability around trading patterns, folks are looking to Canada for that stable, reliable partnership because they know we won’t cut anybody off.”

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