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 liquefied natural gas agreement with Germany's SEFE for exports from the Ksi Lisims planned export facility in British Columbia.
- Natural Resources Minister Tim Hodgson will announce the agreement in Vancouver as Ksi Lisims' backers work to finalize contracts before a final investment decision this year.
- Germany nationalized SEFE in 2022 for 6.3 billion euros after Gazprom left the business during Europe's energy crisis.
- The agreement to export up to 1 million metric tons of liquefied natural gas per year to SEFE makes the Ksi Lisims project more likely to proceed, according to Premier David Eby.
100 Articles
100 Articles
Zeit Online
INTELLINEWSFrom the 2030s onwards, Germany wants to import one million tons of LNG from Canada every year – possibly by 2050. Germany wants to be climate-neutral as early as 2045.
Canada strikes deal to sell B.C. LNG from Ksi Lisims to German company - Northern Sentinel
Canada has signed a major deal to sell one million tonnes of liquefied natural gas per year from Ksi Lisims LNG to Germany for the next 20 years. “We must translate advantage into action,” federal Energy Minister Tim Hodgson said in Vancouver on Wednesday. “We must build projects that strengthen our economy, that diversify our supply chains, and that enhance our energy sovereignty as well as expand our exports beyond a single market.” The natura…
Germany secures its energy demand from other suppliers. The state-owned former Gazprom subsidiary Sefe closes a long-term deal with Canada. The volume increases the current LNG reference by a sieve.
The Federal Government wants to broaden Germany's supply of liquefied gas in order to be better prepared against crises.
Coverage Details
Bias Distribution
- 63% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
