Scholz to sign hydrogen deal with Canada

Germany’s Chancellor Olaf Scholz will sign a deal to establish hydrogen supply chains with Canada during his two-day visit to the country next week, officials said.

The announcements comes as Berlin continues to accelerate attempt to reduce dependence on Russian gas supplies.

With fears that Russia could completely shut down already heavily reduced gas flows in retaliation for Western sanctions following its invasion of Ukraine, Scholz will also discuss the prospects for Canadian liquefied natural gas (LNG) deliveries to Germany, German officials added.

However, they cautioned this would not offer a solution for this winter when Germany is facing a possible gas shortage, nor next, as the infrastructure is not yet in place.

Scholz heads to Canada on Sunday evening (21 August) on his first official trip to the country.

The business delegation will include executives from the energy, environment, chemical, automobile, shipping and mining sectors, officials said. 

Talks on Monday will focus on cooperation in the energy sector and Scholz will also visit the Institute for Learning Algorithms to learn more about the development of artificial intelligence.

Separately, the chancellor is set to meet with representatives of Canadian pension funds to discuss possible investments in Germany linked to its green transition.

On Tuesday Scholz will deliver a speech at the German-Canadian economy conference in Toronto, a gathering focused on energy security, future technologies and automation.