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Canada Prime Minister Mark Carney said it is working on more LNG offtakes with Europe as it strengthens links with the continent.
Canada recently signed its first long-term , after German state-owned energy firm SEFE agreed to purchase one million tonnes per annum (mtpa) from the proposed Ksi Lisims LNG project in British Columbia.
The agreement comes as Ottawa looks to beyond the US and expand LNG exports into European and Asian markets.
Uniper and Ksi Lisims LNG have also signed a (LOI) outlining key commercial terms for a pending supply and purchase agreement in which Uniper would buy 2 million tonnes per annum of LNG on a long-term basis. A LOI is not a binding confirmation.
Speaking at the G7 Summit in France, Carney said, “We have two German offtakes and other European offtakes are in the works. Together with oil pipeline projects with the US, it is a material amount of additional energy that Canada can provide, and this is just from western Canada. We have to apply the lessons of recent events – and that’s diversification and the chokepoint at the ,” he said.
The Ksi Lisims LNG project, led by Houston-based Western LNG in partnership with the Nisga’a Nation and the Rockies LNG consortium, is designed to export up to 12 mtpa of LNG from two floating LNG facilities.
Earlier this month, Fluor Corporation’s joint venture received limited notice to proceed for the proposed phase 2 expansion of the LNG Canada export facility in Kitimat, British Columbia.
Carney said it aims to complete negotiations with the India-Canada trade deal by the G20 Summit in November. “We’re making substantial progress and it’s moving forward,” he said.
The US-Iran framework deal is expected to be signed on Friday (19 June). QatarEnergy intends to rapidly at Ras Laffan once the Strait of Hormuz opens, but the timeline for ensuring safe passage of ships through the strait remains uncertain.
A joint statement from G7 leaders reaffirms the right of transit passage without restrictions or tolls is the bedrock of international trade. “We agree that the multinational, independent, and defensive initiative led by France and the UK can play an important role to facilitate the resumption of maritime traffic in the strait by protecting merchant vessels, reassuring commercial shipping operators, and supporting verification that all mines are removed,” it said.
