Canada, Germany Sign 1 Million-Ton LNG Deal for 20 Years as Both Seek Alternatives to U.S.
Updated
Updated · The New York Times · May 26
Canada, Germany Sign 1 Million-Ton LNG Deal for 20 Years as Both Seek Alternatives to U.S.
3 articles · Updated · The New York Times · May 26
Summary
Up to 1 million metric tons of LNG a year will flow from British Columbia to Germany starting in the early 2030s under a two-decade agreement to be signed in Berlin.
The pact gives Canada a new long-term export market and Germany another non-Russian energy source as both countries try to diversify trade and supply ties away from the United States.
Ksi Lisims LNG on Canada’s Pacific Coast is the project tied to the supply deal; the terminal is planned for 12 million tons of annual capacity and already has 20-year commitments from Shell and TotalEnergies.
Wars in Ukraine and the Middle East have reshaped energy alliances, making the agreement part of a broader push by two industrial economies to bolster resilience against geopolitical shocks.