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The Government of Canada announced that it has reached an agreement for the supply of liquefied natural gas (LNG) with the German company SEFE. This is the first contract of its kind signed by the North American country.
According to reports, "the non-binding agreement, which is subject to the formalization of a sales and purchase contract, outlines SEFE's intention to purchase 1 million metric tons of liquefied natural gas per year from Ksi Lisims, a proposed LNG export plant in Canada to be located on the Pacific coast of British Columbia."
This contract responds to the need of European countries to secure LNG supply, in the context of the loss of supply from Russian gas pipelines and the complications arising from the conflict in the Middle East.
In this regard, the Minister of Energy of the North American country, Tim Hodgson, assured that "in a world that is perceived as uncertain and volatile, the world trusts Canada."
For her part, the head of Germany's Economy portfolio explained that "by collaborating more closely, we diversify our supply chains and make our economies more resilient to global risks."
Regarding the agreement, it was detailed that "SEFE could begin receiving deliveries in the early 2030s for a period of up to 20 years. Hodgson said that these deliveries could be physically transported to Europe via the Panama Canal, or they could be traded with other LNG buyers on the international market."
Source: portalportuario
