11:30:28 EDT Wed 27 May 2026
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Birchcliff Energy Ltd
Symbol BIR
Shares Issued 275,486,259
Close 2026-05-26 C$ 6.42
Market Cap C$ 1,768,621,783
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Globe says Tourmaline, others get LNG deal with Germany

2026-05-27 07:59 ET - In the News

See In the News (C-TOU) Tourmaline Oil Corp

The Globe and Mail reports in its Wednesday edition that Canada has brokered a deal between a German state-owned utility and a yet-to-be-built liquefied natural gas terminal on the B.C. coast as the federal government continues its push for non-U.S. exports. The Globe's Brent Jang writes the arrangement between the Ksi Lisims LNG project and Berlin-based SEFE, short for Securing Energy for Europe, would allow the latter to buy one million tonnes of LNG annually and schedule shipments of that fuel globally beginning in the early 2030s. SEFE intends to export the fuel to Asia, rather than directly to Germany via the Panama Canal. Doing so would indirectly help Europe by freeing supplies to be redirected to Europe. The deal would strengthen the business case for a project whose final outcome is not yet certain. Ksi Lisims has signed similar deals, known as off-take agreements, with other prospective buyers, but its owners have not yet made a final investment decision on whether to build the terminal. The project would require the construction of a politically contentious pipeline through B.C. The project's other owners are Houston-based Western LNG and a group of Western Canadian natural gas producers called Rockies LNG.

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