Uniper Eyes 2 MMtpy LNG Supply From Canada's Ksi Lisims Project

A proposed LNG terminal on Canada's West Coast has attracted another major European buyer as competition for future supply continues to grow.

(Reuters) — German energy firm Uniper has signed a preliminary agreement to secure liquefied natural gas from a key project in Canada, a joint statement said on June 8, the latest sign of an intensifying energy partnership between the two countries.

The deal to procure LNG from Canada's Ksi Lisims, a proposed export facility to be located on British Columbia's Pacific coast, comes hot on the heels of a similar deal by Uniper's German peer SEFE last month.

• Uniper and Ksi Lisims LNG have signed a letter of interest for a possible offtake agreement of 2 million tonnes of LNG per year
• Construction of Ksi Lisims, which has a planned total capacity of 12 million tonnes per year, could begin by 2027
• Uniper could get LNG volumes from the project from 2032
• Uniper said the deal would further diversify its procurement and add to the security of supply
• The agreement reflects Canadian efforts to expand exports and European ambitions to bolster alternative gas routes after former main supplier Gazprom stopped delivering in 2022
• Reuters previously reported that Uniper was in talks to buy LNG from Canada and that it was interested in volumes from Ksi Lisims