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Germany, Canada to sign major LNG deal as Europe seeks energy security, source says
The 12 million-tonne-a-year project would give Germany another supply source as Europe seeks to reduce reliance on Russia and other single suppliers.
- Canada will sign a large-scale LNG agreement with Germany's SEFE Wednesday in Vancouver for liquefied natural gas from the Ksi Lisims export facility on British Columbia's coast, according to industry sources.
- Germany's SEFE, nationalized in 2022 for 6.3 billion euros after Gazprom exited, has been tasked with diversifying the nation's energy supply amid Middle East conflict and trade tensions with the Trump administration.
- The Ksi Lisims project, backed by Houston-based Western LNG, Rockies LNG Partners and the Nisga'a First Nation, will produce 12 million tonnes annually, making it Canada's second-largest LNG export facility; other buyers have already signed 20-year purchase agreements.
- Minister Hodgson stated Canada can serve as "that reliable supplier who will not use energy for coercion," positioning the deal as a geopolitical alternative as Ksi Lisims moves toward a final investment decision this year.
- Multiple export routes—including the Panama Canal, Hudson Bay and east-coast options—will shape how Ksi Lisims gas reaches European markets, positioning Canada as a competitive LNG supplier alongside LNG Canada, which began operations last year.
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Associated Press News+8 Reposted by 8 other sources
Canada and Germany make liquefied natural gas deal as Carney looks to diversify from US
A person familiar with the matter says Canada has reached a deal to export liquefied natural gas to Germany from a planned Pacific Coast terminal.
·United States
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Sask Today+21 Reposted by 21 other sources
Reported Germany-Canada LNG deal would bolster investment case for Ksi Lisims: Eby
KANANASKIS — British Columbia Premier David Eby says a deal for Canada to supply liquefied natural gas to Germany makes it more likely the Ksi Lisims project on the West Coast will proceed.
Landmark LNG deal between Canada and Germany to be announced: sources
A landmark agreement to export liquified natural gas from northern British Columbia to Germany is expected to be announced later this week by the federal government, according to sources who spoke to CBC News.
·Canada
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Total News Sources52
Leaning Left23Leaning Right2Center13Last UpdatedBias Distribution61% Left
Bias Distribution
- 61% of the sources lean Left
61% Left
L 61%
C 34%
Factuality
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