Canada reached an agreement to supply liquefied natural gas to Germany.

Canada has reached an agreement to supply liquefied natural gas from a proposed facility on its west coast to Germany, which is good news for Canadian Prime Minister Mark Cani, who hopes to double exports to non-US markets. The natural gas will come from the Ksi Lisims liquefied natural gas project, with the proposed export facility located in northwestern British Columbia, near the narrow strip of land near Alaska, with an investment of $10 billion CAD. Under the terms of the agreement, Germany will agree to purchase up to 1 million tons of liquefied natural gas from Canada annually. This is equivalent to the energy needed for over a month of electricity in New York City. Sources say that Canadian Minister of Energy Tim Hodgson will announce this agreement on Wednesday.