Canada and Germany sign major LNG deal

business

Canada has unveiled a deal to export liquefied natural gas to Germany from a planned export facility on the Pacific coast of British Columbia.

Shipments from the west coast terminal are expected to begin in the early 2030s.

The agreement is important for both nations, as Canada seeks new markets away from the United States and Germany tries to diversify its energy supply.

This move is part of Prime Minister Carney’s effort to capitalize on Canada's oil-and-gas reserves and position the country as an energy superpower.

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