B.C.'s Ksi Lisims LNG Inks 20-Year Supply Deal with German Utility Uniper
The deal covers 2 million tonnes a year for up to 20 years and would make Ksi Lisims Germany’s first major long-term LNG supplier in Canada.
- On Wednesday, July 29, German utility Uniper signed a 20-year agreement to purchase two million tonnes of LNG annually from the Ksi Lisims project, with first deliveries expected in 2032 from the British Columbia facility.
- Government officials from Canada and Germany emphasized the agreement strengthens national resilience by diversifying trade partnerships, marking the first major long-term LNG supply agreement between the two nations.
- Western LNG CEO Davis Thames said the agreement starts an "important long-term relationship" with a European utility, while Nisga'a Nation President Eva Clayton noted the deal reflects the "Common Bowl" philosophy of sharing abundance.
- Located on Pearse Island, the $10-billion Ksi Lisims project would be supplied by the 750-kilometre Prince Rupert Gas Transmission pipeline, which faces legal challenges in the B.C. Supreme Court despite government permits.
- Project backers seek commitments for 80 to 90 per cent of capacity for a final investment decision, as previous deals with Shell, Total, and SEFE bring total contracted capacity to 7 million tonnes of the projected 12 million tonne capacity.
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The German energy group Uniper has entered into a formal long-term agreement for the purchase of liquefied natural gas (LNG) from the 30 billion Ksi Lisims project on the north coast of British Columbia.
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Ksi Lisims LNG has signed a major long-term sale and purchase agreement with another German energy company. The deal, announced by Ksi Lisims and Uniper on July 29, would see the Dusseldorf-based European energy supplier purchase two million tonnes per year (Mtpa) of liquefied natural gas from the proposed floating facility north of Prince Rupert. “This milestone marks the first major long-term LNG supply agreement between Canada and Germany and…
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Ksi Lisims LNG has signed a major long-term sale and purchase agreement with another German energy company. The deal, announced by Ksi Lisims and Uniper on July 29, would see the Dusseldorf-based European energy supplier purchase two million tonnes per year (Mtpa) of liquefied natural gas from the proposed floating facility north of Prince Rupert. “This milestone marks the first major long-term LNG supply agreement between Canada and Germany and…
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