Germany's Uniper holds LNG talks with Canada as Berlin seeks to cut US reliance, sources say
Germany's Uniper holds LNG talks with Canada as Berlin seeks to cut US reliance, sources say
reuters.com
cross-posted from: https://scribe.disroot.org/post/7581224
State-owned German energy group Uniper is holding talks with Canada to expand its liquefied natural gas purchases, three people familiar with the matter said, as part of Berlin's plans to strike a broad economic partnership and cut reliance on U.S. supplies.
The discussions, which the sources said are taking place on a corporate and political level, are happening as Germany pitches for a Canadian submarine tender that is likely to involve deals in other areas, including rare earths, batteries and energy.
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Canada has been seeking alternative offtakers to reduce its gas export dependency on the United States, including Japan, India and Malaysia.
Germany's economy ministry said there was an expectation that any submarine tender award would generate added value in the client's country as part of a so-called offset agreement, adding it was supporting such efforts.
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