…
World
Uniper signs deal to import Canadian LNG from 2032
Herz — World Desk · · 30s summary · 3 min read
The essentials
Uniper has signed a contract to import 2 million tonnes of Canadian liquefied natural gas each year from 2032. The agreement with the Ksi Lisims project may run for up to 20 years. Uniper says using hydropower for liquefaction will reduce CO2 intensity by 90% compared with conventional LNG facilities. The German group, which was rescued by the state in 2022, presents the deal as a way to diversify Europe’s energy supplies. Financial terms were not disclosed in the information available.
- The contract covers 2 million tonnes of LNG per year
- Initial deliveries are expected from 2032
- The agreement may run for up to 20 years
- Uniper claims 90% lower CO2 intensity
What we know
Uniper has signed a long-term contract to import liquefied natural gas from Canada’s Ksi Lisims project. Handelsblatt and Wirtschaftswoche describe Uniper as Germany’s largest gas trader.
Liquefied natural gas, or LNG, is natural gas condensed into liquid form, making it easier to transport over long distances, particularly by sea. The contract covers 2 million tonnes a year for up to 20 years.
Initial deliveries are expected from 2032. The agreement was signed at the Canadian Embassy in Berlin in the presence of Germany’s economy minister, Katherina Reiche, a member of the CDU.
2 million tonnes a year
Annual volume covered by Uniper’s contract
Up to 20 years
Maximum term of the contract
From 2032
Expected start of deliveries
Uniper’s stated objectives
Uniper describes the agreement as another step towards building a resilient, diversified and sustainably secured LNG portfolio. The group says the Canadian source will help diversify and strengthen the resilience of Europe’s energy supply.
According to Uniper, Ksi Lisims plans to use hydropower for liquefaction. The project will combine Canadian natural gas with this renewable electricity.
Uniper says this would give the LNG a CO2 intensity 90% below that of conventional LNG facilities.
Two planned volumes involving Ksi Lisims
Uniper contract2000000
German state-owned importer’s letter of intent1000000
Topics
Related articles
Latest articles
Comments
No comments yet. Be the first to react.
