Planned Ksi Lisims LNG project reaches financial deal with Germany’s SEFE
Germany's state-owned utility SEFE has reached a financial agreement to support the Ksi Lisims LNG project in British Columbia. This deal allows SEFE to schedule global shipments of liquefied natural gas, enhancing the project's viability. The Ksi Lisims project, developed in partnership with the Nisga’a Nation and other Canadian natural gas producers, is expected to make a final investment decision later this year.
- ▪SEFE will purchase one million tonnes of LNG annually for up to 20 years starting in the early 2030s.
- ▪The Ksi Lisims project is expected to produce 12 million tonnes of LNG per year.
- ▪The proposed Prince Rupert Gas Transmission project will stretch 750 kilometres to supply the Ksi Lisims project.
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Open this photo in gallery:Nisga'a Nation President Eva Clayton at a September announcement about the Ksi Lisims LNG project. The Nisga’a Nation, Western LNG and a group of Western Canadian natural gas producers called Rockies LNG are partners in the northwest B.C. project.ETHAN CAIRNS/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountGermany’s state-owned utility SEFE has agreed to a financial arrangement that would strengthen the planned Ksi Lisims LNG project in British Columbia.The deal will allow Berlin-based SEFE, which is short for Securing Energy for Europe, to have the flexibility to schedule shipments of liquefied natural gas globally, according to two sources familiar with the matter.Tim Hodgson, Canada’s Minister of Energy and…
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