Uniper and Ksi Lisims LNG sign LOI for 2 mtpa Canadian LNG supply
- LOI covers a proposed long-term purchase of 2 million tonnes per annum of LNG.
- First deliveries could begin in 2032, pending project FID.
- Ksi Lisims is a proposed ~12 mtpa floating export facility on Nisga’a Nation land in northwest British Columbia, fed by the PRGT pipeline.
- Project aims for up to 90% lower GHG intensity via electrification using BC hydro; key environmental approvals obtained and identified as a Project of National Interest.
Deal terms
Uniper and Ksi Lisims LNG signed a Letter of Interest setting out key commercial terms for a Supply and Purchase Agreement under which Uniper would buy 2 million tonnes per annum of LNG on a long-term basis.
Project and location
Ksi Lisims LNG is a proposed 12 mtpa floating export facility on Nisga’a Nation-owned land on British Columbia’s northwest coast. Gas supply is planned to be delivered via the Prince Rupert Gas Transmission (PRGT) pipeline connecting Western Canada’s sedimentary basin to the Pacific coast, providing destination flexibility for Asian markets.
Emissions and approvals
The project is designed to connect to British Columbia’s renewable hydroelectric grid, with developers estimating up to 90% lower greenhouse gas intensity compared with conventional LNG facilities. Ksi Lisims and the PRGT pipeline have received key environmental approvals and have been identified as Projects of National Interest by the Government of Canada.
Timing and rationale
Pending a Final Investment Decision by the co-developers, construction could begin by early 2027 and Uniper could receive first volumes as early as 2032. Uniper cites Canada as a lower-emission, politically stable supply source to diversify and strengthen security of supply for its European markets.
Source: Uniper
