A strategic partnership has been announced between GNL Québec, Buss Group, and shareholders of Hanseatic Energy hub to develop a low-carbon supply chain for liquefied natural gas (LNG) from Canada to Germany.

The aim of the partnership is to meet Germany’s growing demand for gas imports as a consequence of the coal phase-out and the increase in focus on the reduction of carbon footprint of the supply chains.

In order to monitor and reduce the greenhouse gases associated with each cargo, the parties will explore regulatory and technological solutions throughout the supply chain.

One of these solutions includes molecule tracing using blockchain technology.

Regarding the announcement, Tony Le Verger, President of GNL Québec , said, “With this announcement, the Énergie Saguenay project has reached a new important milestone in its development and we are delighted to partner with shareholders of Hanseatic Energy Hub.”

“Our companies share common missions, visions and values in accelerating the energy transition and the fight against climate change.”

Manfred Schubert, Managing Director and shareholder of Hanseatic Energy Hub, is hopeful for the future of the partnership, stating, “We are confident that this agreement supports the German-Canadian energy partnership concluded by our governments in March.”

“Our long-term vision is to develop the Hanseatic Energy Hub into an important terminal that will supply carbon-neutral fuels, such as hydrogen, to our industry.”

The LNG will be exported from GNL Québec’s carbon-neutral Énergie Saguenay LNG export terminal in Québec, Canada into Hanseatic Energy Hub’s carbon-neutral LNG regasification terminal in Stade, near Hamburg, Germany.