Germany's Big LNG Deal With Canada May Never Deliver a Single Cargo

The Iran war has made supplies of liquefied natural gas, or LNG, the most strategic since Russia’s invasion of Ukraine in 2022. Suddenly, countries are scrambling to get their hands on molecules that provide reliable baseload power to industries and homes. That explains why Germany is buying LNG from Canada. It’s to ensure long-term energy security, reduce reliance on volatile global supplies, and diversify away from Middle Eastern and Russian energy markets. At the end of May, the Canadian government brokered a deal between the Ksi…