Uniper Secures Long-Term Canadian LNG Deal Amid European Energy Push

Uniper has signed a landmark long-term liquefied natural gas (LNG) agreement with Ksi Lisims LNG, a Canadian project. The deal marks the first major long-term LNG supply arrangement between Canada and Germany and represents a significant step in strengthening their strategic energy partnership.

The agreement involves Uniper purchasing 2 million tonnes of LNG per year on a free-on-board (FOB) basis for up to 20 years, with first deliveries expected from 2032. This milestone is crucial for Uniper as it continues to build a resilient and diversified long-term LNG portfolio.

Ksi Lisims LNG will use hydroelectricity to power the liquefaction process, producing LNG with a 90% lower carbon intensity than conventional facilities. The project's partnership with the Nisga'a Nation brings together Indigenous leadership from Canada's First Nations, industry expertise, and international energy partners committed to responsible resource development.

According to Katherina Reiche, Germany's Federal Minister for Economic Affairs and Energy, this agreement 'sends a strong signal' for greater security of supply and strategic independence. The deal also reflects the Common Bowl philosophy taught by the Nisga'a people, emphasizing interdependence and sharing abundance with others.