Germany and Canada are preparing to sign a large-scale agreement on liquefied natural gas (LNG) supplies as part of efforts to strengthen Europe’s energy security.
According to Trend, citing foreign media, the agreement envisions the supply of approximately 1 million tons of LNG per year. The initiative aims to diversify Europe’s energy sources and enhance overall energy security.
The project is being implemented in response to efforts to reduce dependence on Russian energy resources and potential supply disruptions from the Middle East.
Under the agreement, Germany’s state-owned energy company SEFE will purchase LNG from a floating terminal located off the northern coast of British Columbia, Canada.
The project is being developed by Western LNG, with major investors including Blackstone Energy Transition Partners.
