Exclusive-Uniper holds LNG talks with Canada as Berlin seeks to cut US reliance, sources say [Yahoo! Finance]
REPSOL SA SP/ADR (REPYY)
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Source: Yahoo! Finance
By Christoph Steitz and Marwa Rashad FRANKFURT/LONDON, March 5 (Reuters) - State-owned German energy group Uniper is holding talks with Canada to expand its liquefied natural gas purchases, three ?people familiar with the matter said, as part of Berlin's plans to strike a ?broad economic partnership and cut reliance on U.S. supplies. The discussions, which the sources said are taking place on a corporate ?and political level, are happening as Germany pitches for a Canadian submarine tender that is likely to involve deals in other areas, including rare earths, batteries and energy. Uniper declined to comment on specific talks, while saying that it was continuously seeking to diversify supply and that Canada was interesting due to its ?stable regulatory environment, gas resources and ?LNG prospects. The talks also reflect fears that Germany may be too dependent on the United States for energy supplies, as it continues to reel from ?an energy crisis that hit Europe's top economy
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