Overview
- Uniper signed a letter of interest for a potential 2 mtpa long‑term supply deal, a move reported on Monday that adds to earlier offtakes and increases European demand signals for the 12 mtpa project.
- With SEFE's preliminary 1 mtpa deal plus existing 2 mtpa agreements with Shell and TotalEnergies, Ksi Lisims now has roughly five million tonnes of its 12 mtpa capacity spoken for under preliminary or binding arrangements.
- Ksi Lisims and Western LNG announced benefits agreements with the Metlakatla First Nation, Lax Kw'alaams Band and the Gitxaala Nation, and the first two have withdrawn their federal judicial reviews, reducing near‑term legal risk.
- Project backers say they aim for a final investment decision by the end of 2026 and possible construction start in 2027, but the plan still depends on multibillion‑dollar financing and ongoing resolution of opposition from other Indigenous groups and environmental critics.
- European buyers prize Canadian LNG for energy security even when cargoes are swapped on global markets rather than physically shipped from B.C., and promoters highlight low‑emission claims tied to B.C. hydroelectric power while critics point to pipeline and shipping impacts.