German Energy Firm Signals Interest in LNG Supply from Proposed Ksi Lisims Project

A second German energy company has expressed interest in purchasing liquefied natural gas from the proposed Ksi Lisims LNG project on British Columbia’s North Coast.

Project partners announced they have signed a memorandum of understanding with Germany-based Uniper that could see the company purchase up to two million tonnes of LNG annually beginning in 2032. The agreement is non-binding and remains subject to further negotiations and project development.

The announcement follows a separate deal reached last month between Ksi Lisims LNG and German energy company SEFE. Under that agreement, SEFE would purchase one million tonnes of LNG per year for 20 years, according to the companies involved.

Ksi Lisims LNG is a proposed floating LNG export facility with an estimated cost of approximately $10 billion. Project proponents say the facility would have the capacity to export up to 12 million tonnes of LNG annually from British Columbia’s North Coast.

According to project information and public statements, growing European demand for non-Russian energy supplies has increased interest in LNG projects in Canada. Since Russia’s invasion of Ukraine in 2022, European countries have sought alternative sources of natural gas, while geopolitical instability in other energy-producing regions has added to concerns about long-term supply security.