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Ukraine Seeks 30-Year Energy Pact With Canada

Bloomberg Markets •
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Ukraine is looking to sign a 30-year strategic energy agreement with Canada and proposing an "energy security bridge" focused on the supply of Canadian LNG, Energy Minister Denys Shmyhal said. The proposed pact aims to establish long-term energy cooperation between the two nations, with liquefied natural gas shipments from Canada serving as a cornerstone of the arrangement.

Shmyhal emphasized that the "energy security bridge" concept would help diversify Ukraine's energy sources and reduce dependence on traditional suppliers. The initiative comes as Ukraine continues to rebuild its energy infrastructure amid ongoing conflict, seeking reliable partners for sustained energy security.

Canada, as a major global LNG producer, represents a strategic partner for Ukraine's energy transition goals. The 30-year timeframe signals a commitment to deep, structural cooperation rather than short-term transactional deals. Discussions are expected to cover pricing mechanisms, delivery logistics, and infrastructure investments needed to facilitate regular LNG flows.

The proposal reflects Ukraine's broader strategy to integrate with Western energy markets and align with EU energy security frameworks. Canadian officials have not yet publicly detailed their position on the specific terms.