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Ksi Lisims LNG signs long-term supply deal with Centrica Energy
The non-binding agreement brings Ksi Lisims to 9 million tonnes a year in preliminary sales as it seeks a final investment decision.
- Ksi Lisims LNG signed a heads of agreement with Centrica Energy on Wednesday, securing one million tonnes of liquefied natural gas annually for 20 years from its $10 billion facility.
- Backed by Houston-based Western LNG, Rockies LNG, and the Nisga'a Nation, the facility aims for 12 million tonnes of annual capacity; developers have now secured agreements covering nine million tonnes of their planned output.
- Prime Minister Mark Carney designated the facility "in the national interest," facilitating fast-tracking through the Major Projects Office. Minister of Energy and Natural Resources Tim Hodgson called the deal a "strong vote of confidence" in the project.
- The Haida Nation Council opposes the project citing concerns over increased tanker traffic, while Gitxsan and Gitanyow Nations challenge the associated Prince Rupert Gas Transmission pipeline through ongoing legal proceedings.
- Centrica Group Chief Executive Chris O'Shea stated gas remains vital for the energy transition, ensuring supply security. Developers expect a final investment decision by the end of 2026, targeting initial shipments in the early 2030s.
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Ksi Lisims LGN secures another tentative supply deal - The Interior News - Smithers BC
Ksi Lisims LNG−a $10 billion proposed floating natural gas liquefaction facility north of Prince Rupert−has secured another tentative supply deal ahead of a final investment decision (FID) anticipated by the end of 2026. Centrica Energy, a UK utility, has entered into a heads of agreement (HOA) to purchase one million tonnes per annum (mtpa) of output for 20 years from the plant. A heads of agreement is a preliminary, non-binding document that o…
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Total News Sources18
Leaning Left11Leaning Right0Center3Last UpdatedBias Distribution79% Left
Bias Distribution
- 79% of the sources lean Left
79% Left
L 79%
C 21%
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