RT: Gazprom brush-off: Germany’s largest gas supplier signs ‘milestone’ contract with Canada

Germany’s largest gas supplier E.ON plans to taper its dependence on Gazprom, Russia’s state-owned gas major and Norway, instead developing ties with the Canadian company Pieridae Energy.

The contract was finalized on June 3rd, and Pieridae Energy will supply five million tonnes of liquefied natural gas (LNG) to Western Europe for an unspecified several billion euros, Deutsche Welle reported. 

Pieridae says it will build Canada’s first LNG export terminal at Goldboro, Nova Scotia on Canada's east cost by 2020, now that they have secured reliable shipping clients in Europe. 

The deal was cited as a ‘milestone in the diversification’ for E.ON, which will enable the German gas, energy, and electric conglomerate diversify its gas imports, and move away from Russian gas dependence. The diversification will help avoid future economic risks, and provide the company with a market edge. MORE