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11.06.26 - 13:18
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Canadian Dollar Drops Against Most Majors (AFX)
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OTTAWA (dpa-AFX) - The Canadian dollar weakened against most major currencies in the European session on Thursday.The Canadian dollar fell to a 6-month low of 1.3981 against the U.S. dollar and a ......
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11.06.26 - 11:09
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Germany′s Big LNG Deal With Canada May Never Deliver A Single Cargo (ZeroHedge)
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Germany's Big LNG Deal With Canada May Never Deliver A Single Cargo
Authored by Andrew Topf via OilPrice.com,
Germany has signed long-term LNG offtake agreements with Canada's Ksi Lisims project, seeking energy security and supply diversification amid heightened geopolitical risks.
Despite the deals, Canadian LNG may never physically reach Germany due to geography, shipping economics, and the lack of Atlantic Coast export infrastructure.
Instead, Germany could use LNG cargo swaps, sending Canadian gas to Asian buyers while receiving equivalent volumes from suppliers closer to Europe.
The Iran war has made supplies of liquefied natural gas, or LNG, the most strategic since Russia's invasion of Ukraine in 2022.
Suddenly, countries are scrambling to get their hands on molecules that provide reliable baseload power to industries and homes.
That explains why Germany is buying LNG from Canada. It's to ensure long-term energy security, reduce reliance on volatile global supplies, and...
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