Canada’s largest natural gas producer, Tourmaline Oil Corp., said it has increased its exposure to global LNG pricing through two agreements to supply gas to units of commodity trading giant Trafigura Group Pte. Ltd.

The first deal is a netback agreement linked to the Japan-Korea Marker (JKM). The deal is based on 62,500 MMBtu/d, or about 0.5 million metric tons/year, of liquefied natural gas for a seven-year term starting in 2027, with the potential for extension to December 2039.

Tourmaline did not mention a specific LNG terminal, though it has been preparing for the start of operations at LNG Canada in British Columbia, which is expected to begin sending out cargoes in 2025. 

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