Substrate
finance

Canada to Export LNG to Germany from British Columbia Terminal

Canada reached an agreement to supply up to one million metric tonnes of liquefied natural gas per year to Germany from a planned terminal on the British Columbia coast. The deal involves Germany’s SEFE group and the proposed Ksi Lisims facility.

Euronews
1 source·May 27, 9:06 AM(2 days ago)·1m read
|
Canada to Export LNG to Germany from British Columbia TerminalEuronews
Audio version
Tap play to generate a narrated version.

Canada reached an agreement to export liquefied natural gas to Germany from a planned Pacific coast terminal, an official familiar with the matter said on Tuesday. The agreement covers supplies from the proposed Ksi Lisims export facility on the coast of British Columbia. Up to one million metric tonnes of liquefied natural gas per year will be exported under the deal.

Germany imported 106 terawatt hours of gas through LNG terminals in 2025, according to the Bundesnetzagentur. The planned exports from Canada would amount to roughly one-eighth of Germany’s LNG imports last year in energy terms. SEFE is a major German energy company. It was previously the German subsidiary of Gazprom before Berlin nationalised it in 2022.

British Columbia Premier David Eby said earlier on Tuesday that a deal to supply Canadian LNG to Germany would mark a key step towards the partners behind the Ksi Lisims project taking a final investment decision on the CA$10 billion plant and export terminal.

The partnership has already signed supply agreements with a subsidiary of Shell and France’s TotalEnergies. Ksi Lisims, located on Pearse Island near the border with Alaska, has secured the permits it requires, but the consortium has yet to make a final investment decision.

Key Facts

1 million metric tonnes
annual LNG export volume under the agreement
CA$10 billion
estimated cost of Ksi Lisims terminal project
106 terawatt hours
Germany’s 2025 LNG import volume
One-eighth
share of Germany’s LNG imports the deal represents

Story Timeline

4 events
  1. 2022

    Berlin nationalised the German subsidiary of Gazprom, creating SEFE.

    1 sourceEuronews
  2. 2025

    Germany imported 106 terawatt hours of LNG, per Bundesnetzagentur data.

    1 sourceEuronews
  3. Tuesday

    Canada reached an agreement to export up to one million tonnes of LNG per year to Germany.

    1 sourceEuronews
  4. Wednesday

    The agreement is scheduled for formal announcement.

    1 sourceEuronews

Potential Impact

  1. 01

    The Ksi Lisims consortium may reach a final investment decision after securing the offtake agreement.

  2. 02

    Germany could diversify a portion of its LNG supply away from current sources.

Transparency Panel

Sources cross-referenced1
Confidence score75%
Synthesized bySubstrate AI
Word count217 words
PublishedMay 27, 2026, 9:06 AM
Bias signals removed2 across 1 outlet
Signal Breakdown
Loaded 1Speculative 1

Related Stories

Romania Expels Russian Consul General After Drone StrikeFinancial Times
finance3 hrs agoDeveloping

Romania Expels Russian Consul General After Drone Strike

Romania ordered the expulsion of Russia's Consul General in Constanta and closed the consulate after a drone struck an apartment building in Galati, injuring two people. NATO and Romanian officials condemned the incident as reckless escalation.

MA
Financial Times
2 sources
House Republicans stall on immigration enforcement funding billfortune.com
finance3 hrs agoDeveloping

House Republicans stall on immigration enforcement funding bill

A roughly $70 billion measure to fund immigration enforcement through the end of President Donald Trump's term stalled in the House. Progress halted over White House ballroom security funding and a proposed $1.8 billion fund for government-mistreatment claims.

fortune.com
1 source
Canada Seeks 50 Percent Rise in Exports to China by 2030techjuice.pk
finance1 hr agoDeveloping

Canada Seeks 50 Percent Rise in Exports to China by 2030

Foreign Minister Anita Anand stated the export target during a visit by her Chinese counterpart to Ottawa. The announcement comes amid U.S. tariffs that have altered trade patterns.

Bloomberg
1 source