It turns out there is a business case to be made.Tourmaline Oil Corp. and German energy company Uniper have signed a major eight-year natural gas agreement that will see 80,000 metric million British Thermal Units (MMBtu) per day delivered from Canada to the U.S. Gulf Coast beginning in November 2028. The total estimated volume over the life of the contract is 234 billion cubic feet.Under the LNG Netback Supply Agreement, Tourmaline will supply gas to the ANR SE trading hub in southeast Louisiana, with pricing tied to the Dutch Title Transfer Facility (TTF), allowing Tourmaline access to international market prices. The agreement strengthens Uniper’s position in North America and supports Europe’s efforts to diversify its energy sources..“This deal showcases our ability to offer important international pricing exposure to a valued North America supplier and further diversifies Uniper’s LNG supply sourcing portfolio,” said Carsten Poppinga, Uniper’s Chief Commercial Officer.Tourmaline CEO Mike Rose said the long-term agreement aligns with the company’s strategy to expand into global markets. “We’re proud to be supplying Canadian natural gas to meet rising demand in international markets and to enhance European energy security,” he said.Former Prime Minister Justin Trudeau famously said in 2022 there was "never been a strong business case" for Canada to sell natural gas to Germany.The announcement follows a recent Uniper agreement with Woodside Energy for up to 2 million tonnes per year of LNG supply from a U.S.-based export terminal currently under development in Louisiana.
