Canada Signs Landmark 20-Year LNG Export Deal With Germany

Canada has signed a deal with Germany to export at least one million tons of liquefied natural gas (LNG) annually from British Columbia, Nadine Yousif reported for BBC News.

The deal involves LNG shipments from the proposed Ksi Lisims project on British Columbia’s coast to Germany’s national energy utility, Securing Energy for Europe (SEFE). (Photo: KSI Lisims LNG Facebook)

The agreement marks the first long-term LNG supply arrangement between the two countries, as European nations seek alternative energy sources and Canada aims to diversify exports beyond the United States.

The deal was announced in Vancouver by Canada’s energy minister, Tim Hodgson, who called it “an exciting and important milestone.”

It involves LNG shipments from the proposed Ksi Lisims project on British Columbia’s coast to Germany’s national energy utility, Securing Energy for Europe (SEFE). The agreement runs for up to 20 years, with deliveries expected to begin in the early 2030s.

In 2024, nearly all Canadian LNG exports went to the United States, according to the national energy regulator.