What the BC-Germany LNG Deal Means for Canada’s East Coast
The 20-year agreement would send 1 million tonnes a year from a proposed northern British Columbia terminal, officials said.
- Energy Minister Tim Hodgson announced in Vancouver today that Canada has signed a major deal to sell one million tonnes of liquefied natural gas per year from Ksi Lisims LNG to Germany for the next 20 years.
- Hodgson framed the deal as addressing global energy security vulnerabilities, citing integration risks for European and Asian allies and positioning Canada to 'help solve' these challenges with responsible energy exports.
- Ksi Lisims is a partnership between the Nisga'a Nation, Houston-based Western LNG and Rockies LNG, with a floating liquefaction terminal planned off Pearse Island; German company Securing Energy for Europe will purchase the gas.
- Though the project has secured provincial approval, partners await a final investment decision to begin construction; Hodgson said he is confident this will come 'in a matter of months.'
- Liquefied natural gas, chilled into liquid for specialized tanker transport, will flow from the yet-to-be-built export terminal on British Columbia's northern coast near Alaska as part of the 20-year supply commitment.
31 Articles
31 Articles
German utility agrees to buy LNG from Ksi Lisims project in B.C.
Federal and provincial leaders have announced that Germany’s government-owned utility SEFE has agreed to buy one million tonnes of liquefied natural gas annually from an upcoming LNG project in B.C. The yet-to-be-built Ksi Lisims floating terminal is a partnership involving the Nisga'a Nation, and the deal calls for deliveries to begin in the early 2030s covering up to 20 years.
Canada seals first European LNG deal — but economic and climate hazards loom
The giant Ksi Lisims export facility will supply German energy conglomerate SEFE under a contract announced Wednesday, but critics flag numerous potential derailments facing the megaproject that has yet to secure a final investment decision green-light from its US developer.
Canada Announces Long-Term LNG Supply Deal With German Energy Company
Canada has signed a major long-term contract to send LNG from northwest B.C. to Germany, says Energy Minister Tim Hodgson. The agreement commits German utility company Securing Energy for Europe (SEFE) to buy 1 million tonnes of liquefied natural gas (LNG) per year for up to 20 years starting in the “early 2030s,” Hodgson said. The gas will be shipped from the proposed Ksi Lisims export facility north of Prince Rupert. “This contract represents …
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