The Globe and Mail reports in its Thursday edition that European buyers, including Germany's Uniper, are exploring the possibility of purchasing liquefied natural gas from Canada's Pacific coast and shipping it through the Panama Canal as part of a long-term strategy to diversify supply. A Reuters dispatch to The Globe says European buyers are among the potential customers that have had talks with Ksi Lisims LNG, a proposed LNG export terminal whose backers have been working to finalize contracts with purchasers before making a final investment decision. The interest in Ksi Lisims from potential European customers is significant, as Canada's burgeoning LNG export industry is geographically more suited to supplying Asia and tolls and shipping time through the Panama Canal will increase costs. All of Canada's existing and emerging LNG export capacity is located on the West Coast, offering short shipping times to Asian buyers, while the East Coast has virtually no infrastructure beyond Repsol's REPYY Saint John terminal. The Iran war and the resulting Strait of Hormuz closure have made it increasingly likely that Ksi Lisims gets built, said Jamie Heard at Tourmaline Oil, one of the Rockies LNG partners behind the project.