German Gas Traders Turn to Canadian LNG for Swap Deals ...Middle East

German energy traders have developed an interest in Canadian liquefied natural gas to boost supply via swap deals, Canada’s natural resources minister said this week. According to Tim Hodgson, as quoted by CBC, many German companies were interested in trading Canadian LNG on the global market. “They can take advantage of our production on the West Coast to supply German needs in the Atlantic,” by selling the Canadian cargoes on the spot market and buying cheaper LNG to deliver to Germany. The previous government led by Justin…

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