10:58:18 EDT Tue 09 Jun 2026
Enter Symbol
or Name
USA
CA



Peyto Exploration & Development Corp
Symbol PEY
Shares Issued 204,858,115
Close 2026-06-08 C$ 25.76
Market Cap C$ 5,277,145,042
Recent Sedar+ Documents

Globe says Peyto, rivals sees EU interest in LNG grow

2026-06-09 09:28 ET - In the News

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The Globe and Mail reports in its Tuesday edition that German utility Uniper is exploring a potential deal that would strengthen the planned Ksi Lisims LNG project in British Columbia, as European interest grows in Canadian liquefied natural gas. The Globe's Brent Jang writes that Uniper and Ksi Lisims said on Monday that they have signed a "letter of interest" detailing commercial terms for a pending supply and purchase agreement for two million tonnes a year of LNG. Dusseldorf-based Uniper is seeking to increase its flexibility to schedule shipments of LNG globally. Europe has had an energy crunch since one-time major supplier Russia invaded Ukraine in 2022. This year, conflict in the Middle East and turmoil in the Strait of Hormuz have upended the global LNG market. Houston-based Western LNG, the Nisga'a Nation and a group of natural gas producers called Rockies LNG are partners in the Ksi Lisims project, which plans to ship 12 million tonnes of the fuel a year from northwest B.C. to Asia. Energy traders would use contracts to fulfill shipping commitments worldwide, to avoid the need to physically export from B.C. to Germany, via the Panama Canal. The project would require the construction of a pipeline through B.C.

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