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AAP
AAP
Business
ROB GILLIES (Associated Press)

Canada and Germany make liquefied natural gas deal as Carney looks to diversify from US

TORONTO (AP) — Canada has reached a deal to export liquefied natural gas to Germany from a planned Pacific Coast terminal, an official familiar with the matter said Tuesday.

The official confirmed Canada will sign the agreement with Germany's SEFE group, which stands for Securing Energy for Europe, from the proposed KSI Lisims export facility on the coast of British Columbia. The official spoke on condition anonymity as they were not authorized to speak ahead of Wednesday's announcement.

The said up to 1 million metric tons (1.1 million US tons) of liquefied natural gas per year will be exported.

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