Canada prepares to ink major LNG supply deal with Germany

Like Uniper, the company is tasked with diversifying Germany's energy supply, especially in the wake of the current Middle East conflict that has increased European interest in energy security.

SEFE already has a variety of LNG deals that include agreements with US-based Venture Global, Argentina's Southern Energy and Turkey's state energy company BOTAS, among others.

Reuters reported last month that European buyers, including Germany's Uniper, are exploring the possibility of purchasing liquefied natural gas from Canada's Pacific coast and shipping it through the Panama Canal as part of a long-term strategy to diversify supply, an effort made more urgent in the wake of the Iran war.

(Reporting by Amanda Stephenson and Christoph Steitz; Editing by Mark Porter and Deepa Babington)