The proposed Ksi Lisims LNG natural gas liquefaction and export facility is still years away from completion, and the pipeline proposed to feed it is embroiled in legal battles, but the company already has a commitment from a major global customer to buy its product.
TotalEnergies, one of the world's seven supermajor oil and gas companies, recently announced the agreement that would see it purchase two million tonnes per annum (2 Mtpa) of LNG from the proposed facility. That represents one-sixth of Ksi Lisims projected capacity of 12 million tonnes annually.
"This purchase of LNG from the future Ksi Lisims LNG plant will allow us to diversify our LNG portfolio in North America and benefit from competitive LNG supply in Western Canada to better serve our Asian customers, with whom we are developing a significant portfolio of long-term supply contracts", said St茅phane Michel, President of Gas, Renewables & Power at TotalEnergies."
In a parallel deal, France-based TotalEnergies acquired five per cent of Texas-based Western LNG, the Nisga'a Nation's partner in the Ksi Lisims LNG and Prince Rupert Gas Transmission pipeline projects.
"As part of our integrated strategy, we are also pleased to partner with Western LNG to support the development of this very low CO2 emission liquefaction plant project,香蕉视频直播� Michel continued.
The project aims to be net-zero ready by 2030, contingent on BC Hydro being able to provide the power to run the plant. If the connection to the BC Hydro grid is delayed, the plan is to use energy barges.
In a separate press release Ksi Lisims LNG noted it has been 25 years since the Nation's Treaty with the federal and provincial governments香蕉视频直播攖outed as the first modern-day, comprehensive treaty in British Columbia香蕉视频直播攃ame into effect.
"For a quarter of a century, Nisga香蕉视频直播檃 citizens have waited to see the kind of transformative opportunity our Treaty envisioned. That香蕉视频直播檚 why it is especially meaningful to see Ksi Lisims LNG progressing steadily toward construction,香蕉视频直播� said Eva Clayton, president of the Nisga香蕉视频直播檃 Lisims Government.
香蕉视频直播淭otalEnergies shares our vision of bringing cleaner energy to the world, advancing Indigenous leadership in the global economy, and sharing our deep commitment to environmental stewardship."
This is the second sale and purchase agreement (SPA) Ksi Lisims has signed following a similar deal with Shell Oil finalized early in 2024. Shell will also offtake two million tonnes per year pending completion of the project.
