> Great news for Canadian natural gas investors

TORONTO (AP) — Canada has reached a deal to export liquefied natural gas to Germany from a planned Pacific Coast terminal, an official familiar with the matter said Tuesday.

The official confirmed Canada will sign the agreement with Germany’s SEFE group, which stands for Securing Energy for Europe, from the proposed KSI Lisims export facility on the coast of British Columbia. The official spoke on condition anonymity as they were not authorized to speak ahead of Wednesday’s announcement.

The official said up to 1 million metric tons (1.1 million US tons) of liquefied natural gas per year will be exported.

Canadian Prime Minister Mark Carney has set a goal to double non-U.S. trade in the next three years.

British Columbia Premier David Eby said earlier Tuesday a deal to supply Canadian liquefied natural gas to Germany would be a key step toward the partners behind the Ksi Lisims project deciding to go ahead with their $10-billion Canadian (US$ 7.2 billion) plant and export terminal.

  Long western Canada gas producers Tourmaline, Whitecap, Strathcona, CNQ… all of whom are partners in the project