Germany is looking at a potential agreement with Canada on LNG deliveries in the medium term, not in the next one or two years, Reuters reported on Thursday, citing a German government source.

"Russia wanted to divide western allies with Siemens turbine debate"  the government source further told Reuters and added that Russia was looking for excuses not to deliver gas.

Market reaction

This headline doesn't seem to be having a significant impact on the shared currency's performance against its rivals. As of writing, EUR/USD was down 0.2% on the day at 1.0160.