Germany's SEFE signs 20-year Canadian LNG offtake deal, 1 mtpa from early 2030s

SEFE has finalized a binding 20-year agreement to purchase 1 million tonnes per annum of Canadian LNG, with deliveries starting in the early 2030s. This secures long-term supply for Germany as it diversifies away from Russian gas, though the timeline is distant and project-specific risks remain. The deal underscores Europe's continued investment in LNG infrastructure despite near-term demand uncertainty.

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