Germany’s largest gas trader Uniper has agreed to a long-term liquefied natural gas (LNG) supply contract with a Canadian counterpart, securing a steady stream of North American gas for the European market.
Under the terms of the agreement, the utility will receive 2 million tonnes of LNG annually, with the first deliveries scheduled to arrive in 2032.
The contract underscores the accelerating structural shift in European energy sourcing, as major utilities lock in long-term volumes from non-Russian suppliers to ensure supply security.
By committing to Canadian LNG, Uniper is diversifying its import portfolio away from traditional pipeline dependencies, aligning with broader EU efforts to reduce exposure to geopolitical supply risks.
The 2032 start date suggests the deal is tied to new liquefaction capacity or regasification infrastructure coming online in the coming years.
This development adds to a wave of long-term LNG agreements being signed across Europe and Asia, reflecting tight global supply conditions and the strategic importance of securing firm volumes.
In a parallel move, Malaysian state-owned Petronas LNG Ltd recently secured a new long-term sale and purchase agreement with Japan’s Shizuoka Gas Co Ltd, committing to supply approximately 0.84 million tonnes annually. These deals highlight the competitive landscape for LNG cargoes, with European and Asian buyers vying for long-term supply contracts.