Ksi Lisims LNG signs Canada's first European LNG deal
Ksi Lisims LNG LP has entered into a Heads of Agreement (HOA) with Germany's SEFE (Securing Energy for Europe) for the sale and purchase of 1 million tons per year of LNG. The milestone agreement represents increasing global interest in Canada as a future LNG hub and in Ksi Lisims LNG as a supplier of choice.
“This agreement comes at a time when energy markets around the world are being asked to do more – to be more secure, more affordable, and more responsible from a climate perspective. The Ksi Lisims LNG project was designed from the outset to meet those expectations, not by compromise, but by design," said Davis Thames, Founder, President, and Chief Executive Officer of Western LNG. “Our agreement with SEFE reflects growing confidence in Ksi Lisims LNG, our commercial and engineering approach, and brings our project a significant step closer to starting construction."
Ksi Lisims LNG is designed to be one of the lowest‑emissions LNG facilities in the world, leveraging clean hydroelectric power, significantly reducing lifecycle emissions compared to legacy facilities.
Sales to SEFE will be on a Free On Board basis for up to 20 years and are subject to the completion of a Sales and Purchase Agreement.
Related News
Related News
- Digital Exclusive: Evolving pressure relief valve designs protect LNG facilities
- JGC-Hyundai JV awarded EPC contract for major low-carbon LNG plant project in Papua New Guinea
- TC Energy approves $1.5-B Columbia Gas expansion after profit tops estimates
- NextDecade to use Honeywell liquefaction technology for 30-MMtpy LNG terminal
- Wärtsilä continues to expand its data center footprint with new 790 MW order in Texas
Comments