Uniper, Germany’s largest gas trader, has agreed to a long-term liquefied natural gas (LNG) supply contract with a Canadian counterpart.
Under the terms of the agreement, the utility will receive 2 million tonnes of LNG annually for a period of up to 20 years.
The deal marks a significant step in Uniper’s strategy to secure stable, non-Russian gas supplies for the European market.
The contract underscores the enduring structural shift in European energy sourcing.
As pipeline flows from Russia remain negligible, major European utilities are locking in long-term agreements with suppliers in North America, the Middle East, and Africa to ensure supply security.
This deal adds to the growing volume of Canadian LNG destined for Europe, a trend that has accelerated since the onset of the Ukraine war.