TotalEnergies has signed a significant 20-year agreement to purchase 2 million tons annually of liquefied natural gas from the proposed Ksi Lisims LNG project in British Columbia. This project, which will have a total capacity of 12 million tons per year, is a joint venture involving the Nisga'a Nation, Rockies LNG, and Western LNG. Additionally, TotalEnergies is acquiring a 5% stake in Western LNG, aiming to leverage its expertise as the largest buyer of North American LNG. The project awaits a final investment decision and an environmental assessment approval from B.C. authorities.
Their experience with development and operations will be a welcome addition to the project as we move steadily toward FID [final investment decision] later this year so that we can provide reliable, low-carbon Canadian LNG to growing global markets.
That's why it is especially meaningful to see Ksi Lisims LNG progressing steadily toward construction.
Projects like Ksi Lisims LNG will be critical as Canada works to diversify trade and increase our economic resilience.
This deal marks TotalEnergies' commitment to the growing LNG market in North America and collaboration with the Nisga'a Nation.
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