TotalEnergies Signs Long-Term LNG Deal with Ksi Lisims and Acquires Stake in Western LNG
1
14
0
Paris, France / British Columbia, Canada — TotalEnergies has entered into a long-term Sales and Purchase Agreement (SPA) with Ksi Lisims LNG for the supply of 2 million tonnes per annum (Mtpa) of liquefied natural gas over a period of 20 years, marking a significant step in expanding its LNG portfolio in North America.
The SPA is contingent upon the final investment decision (FID) for the Ksi Lisims LNG project, a proposed 12 Mtpa liquefaction plant located on the Pacific coast of British Columbia, Canada. Positioned for optimal access to Asian markets, the project is expected to serve growing demand from the region.
In a parallel move, TotalEnergies has also acquired a 5% equity stake in Western LNG, the developer, shareholder, and intended operator of the Ksi Lisims project. The agreement includes an option to increase its stake—either by boosting its share in Western LNG or acquiring a direct equity stake in the liquefaction plant up to 10%, subject to FID.
What sets the Ksi Lisims LNG project apart is its commitment to sustainability. The facility will be fully electrified and powered by hydroelectricity, making it one of the lowest CO₂-emitting LNG plants globally.
“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,” said Stéphane Michel, President of Gas, Renewables & Power at TotalEnergies.“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.”
This move strengthens TotalEnergies’ global LNG portfolio while reinforcing its commitment to low-carbon energy solutions, especially in high-demand Asian markets.
— TradeArabia News Service
