Tourmaline Oil Secures Multi-Year LNG Supply Agreement with Uniper

Tourmaline Oil, Canada’s largest natural gas producer, has recently inked a significant deal with German energy giant Uniper for a multi-year liquefied natural gas (LNG) supply agreement.

Commencing in November 2028, the eight-year contract will see Tourmaline delivering 80,000 metric million British thermal units (MMBtu) per day of feed gas to Uniper. This amounts to a total of 234 billion cubic feet (bcf), or approximately 6.6 billion cubic meters (bcm), to be supplied throughout the duration of the agreement.

The gas volumes will be transported to the ANR SE trading hub in southeast Louisiana, U.S., and the contract is priced based on the TTF (Dutch Title Transfer Facility), providing Tourmaline with valuable international price exposure.

Carsten Poppinga, Uniper’s Chief Commercial Officer (CCO), expressed his satisfaction with the deal, stating: “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 American supplier and further diversifies Uniper’s LNG supply sourcing portfolio, an important aspect of our European security of supply objectives.”

In addition to the agreement with Uniper, Tourmaline has secured a long-term firm transportation deal with TC Energy Corporation to transport gas to the U.S. Gulf Coast, with firm transportation set to commence in November 2025. This arrangement provides Tourmaline with flexibility to sell locally in the Gulf or sign short-term LNG feed gas supply agreements before the Uniper deal takes effect.

“This long-term supply agreement with Uniper supports the continued execution of our market diversification strategy. We’re proud to be supplying Canadian natural gas to meet rising demand in international markets and to enhance European energy security,” said Mike Rose, President and CEO of Tourmaline.

Earlier this year, Uniper also secured LNG from Woodside’s Louisiana LNG project and additional natural gas from Woodside’s global portfolio, with both agreements scheduled to commence in 2026.