TotalEnergies has signed a sales and purchase agreement (SPA) with Ksi Lisims LNG for the purchase of 2 mill tonnes per annum of LNG for 20 years.
This deal is still subject to the final investment decision (FID) being taken on the project.
TotalEnergies also acquired a 5% stake in Western LNG, the developer, shareholder, and future operator of Ksi Lisims LNG.
This acquisition granted TotalEnergies the option to increase its stake in Western LNG and/or take a direct stake in the plant up to about 10% when the FID is made.
Ksi Lisims LNG is an LNG plant project with a capacity of 12 mill tonnes per year to be cited in British Columbia, Canada. Fully electrified and powered by hydroelectricity, Ksi Lisims LNG will be one of the lowest CO2-emitting LNG projects in the world.
