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Or sign-in if you have an account.The Hon. Tim Hodgson, Minister of Energy and Natural Resources, spoke in Calgary on Friday, May 1, 2026. Brent Calver/PostmediaCanada’s energy minister is touting global demand for the nation’s products, after revealing a deal that could send millions of tonnes of liquefied natural gas to Europe over two decades.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an Accountor“We’re in a world where our allies are begging us, are begging us to produce our resources,” Tim Hodgson, Canada’s minister of energy and natural resources, told reporters in Vancouver.Hodgson said Germany’s state-owned energy company, Securing Energy for Europe, has agreed to buy up to one million metric tonnes of LNG per year from the Ksi Lisims export project in northwest B.C., just south of the Alaska border.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“This contract represents the first agreement that we see long-term, low-carbon LNG from Canada being shipped to our allies in Europe,” Hodgson said. “This is one of the largest buyers of natural gas in Europe.”The joint venture partners behind Ksi Lisims LNG, which the federal government has earmarked for fast-tracking under the major projects list, have yet to reach a final investment decision or begin construction.However, some First Nations oppose Ksi Lisims, including the Gitanyow, Gitxsan and Wet’suwet’en nations, whose territory the pipeline would cross for part of its route. Also opposed is a consortium of environmental groups.Officials said Thursday the deal — which includes an agreement for up to 20 years of deliveries, beginning in 2030 — represents an important step towards a final investment decision on the $17-billion facility.Ksi Lisims received regulatory approval last September and could be operational as early as 2029. It would carry up to 12 million tonnes of LNG per year over its 40-year lifespan.The latest deal means five of the proposed facility’s 12 million tonnes of capacity are spoken for. French oil company TotalEnergies has committed to two million tonnes over 20 years and global gas giant Shell has committed to buying two million tonnes annually.It’s unclear at what point a final investment decision would be made on Ksi Lisims.Located just south of the Alaska border, the project sits on well-established shipping lanes — North America’s shortest marine route to energy-hungry Asian markets.For Europe, smaller shipments may flow through the Panama Canal, while larger vessels would go around South America or Africa, Hodgson said. In some cases, he added that SEFE could “swap” cargo with other buyers to reduce distances travelled.“That’s a common practice in global energy markets,” he said. “That makes production off of B.C. even more valuable, because it’s not just valuable for people buying in Asia, but it makes it more and more attractive to people in Europe.”Hodgson pitched Thursday’s deal as a means of supporting global energy security and reducing reliance on what he called “coercive” actors like Russia.Even if conflicts stabilize in the Middle East and Eastern Europe, Hodgson said the contract will hold up.“Typically, you build LNG with long-term contracts in place, so once the contract is signed, there’s a commitment to fill it,” Hodgson said. The Ksi Lisims LNG concept of a floating LNG liquefaction plant. Photo by Western LNGIf it moves forward, Ksi Lisims would be built on a site owned by the Nisga’a Nation, a proponent of the project.The facility will be led by Western LNG and Rockies LNG Partners, a group of mostly Canadian independent gas producers, which sets it apart from LNG Canada, an existing liquefied natural gas project in B.C.Despite its name, LNG Canada is owned by global or state-owned Asian energy companies, including Shell plc, Petronas, PetroChina, Mitsubishi Corp. and Korea Gas Corp.For LNG Canada, most of the benefits will flow first to its equity partners, which are based outside the country. Ksi Lisims, meanwhile, is backed by Canadian producers that could fetch premium prices for their gas in Asia — and now Europe. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.