Tourmaline, Uniper seal long-term gas supply deal

Under the deal, Tourmaline will supply 80,000 mmbtu per day of natural gas in the US Gulf Coast for an eight-year term beginning November 2028.

Turmailine said in a statement that the LNG feed gas supply agreement provides international price exposure to TTF for the firm.

Also, Tourmaline has secured long-term firm transportation to the US Gulf Coast with TC Energy Corporation, which will allow Tourmaline’s natural gas from the company’s Alberta Deep Basin and/or BC Montney complexes to access European natural gas markets.

The firm transportation begins November 2025, giving Tourmaline the flexibility to sell locally in the Gulf or enter into a short-term LNG feed gas supply deal prior to the start of the Uniper agreement, it said.

Unipr said in a separate statement that the estimated lifetime total volume of the transaction is 234 billion cubic feet (bcf), which equals approximately 6.6 bcm.

Under the LNG netback supply agreement, Tourmaline will deliver gas to the ANR SE trading hub in southeast Louisiana.

Uniper noted that the agreement comes just a few months after it signed a separate LNG sale and purchase agreement for up to 2 million tonnes per annum (mtpa) with Woodside.

That transaction included LNG supply commitments for 1 mtpa from Woodside’s US-based Louisiana LNG production and export terminal, which is currently under development.

“We are extremely pleased to close this deal with one of Canada’s most respected gas producers. It showcases our ability to offer important international pricing exposure to a valued North America supplier and further diversifies Uniper’s LNG supply sourcing portfolio, an important aspect of our European security of supply objectives,” Carsten Poppinga, CCO of Uniper, said.