Canada reaches an agreement to export liquefied natural gas (LNG) to Germany from a planned facility on Canada’s Pacific coast, according to people familiar with the matter. Multiple outlets report that the deal is to be signed between Canada and Germany’s SEFE group, which is described as Securing Energy for Europe. The LNG would come from the proposed KSI Lisims export terminal on the coast of British Columbia. One source says the arrangement is expected to involve shipments of up to about 1 million metric tons of LNG per year, though details are still framed around a future export project.
The reporting links the announcement to Canadian Prime Minister Mark Carney’s efforts to diversify energy exports beyond the United States. Sources note that Canada currently sends most oil and gas to the US, and Carney has set a goal of increasing non-US trade over the next decade. British Columbia Premier David Eby is also cited as saying that a supply agreement for Canadian LNG to Germany is a key step toward the project partners deciding whether to proceed with the KSI Lisims project.
