Another European utility looks to lock down supply from Ksi Lisims LNG
The letter outlines terms for a future supply deal as European buyers seek to diversify gas imports and secure long-term LNG volumes.
- On Monday, Duesseldorf-based Uniper signed a letter of interest with Ksi Lisims LNG to secure future natural gas supplies, with deliveries potentially beginning as early as 2032.
- European utilities are seeking alternative gas sources following Russia's 2022 invasion of Ukraine, while recent Middle East conflict has disrupted traditional supply routes, prompting interest in Canadian resources.
- Last month, German government-owned Securing Energy for Europe signed a long-term agreement to buy one million tonnes of LNG annually from the $10-billion Ksi Lisims project, which has regulatory approval but awaits a final investment decision.
- CEO Michael Lewis stated that diversifying LNG supply is a key priority for Uniper, which operates 18.5 gigawatts of capacity; reports indicate the Canada Pension Plan Investment Board may bid for the company.
- Environmental Defence manager Alex Walker called the announcement a "political move," noting the project faces ongoing legal challenges and opposition from First Nations near the proposed Pearse Island site.
15 Articles
15 Articles
Second German company looks to secure LNG supply from B.C. Ksi Lisims project
The $10-billion Ksi Lisims project has regulatory approval but the partners have yet to make a final investment decision. Duesseldorf-based Uniper said it signed a letter of interest that could see the company buy two million tonnes of gas a year.
The Toronto Star
Another European utility looks to lock down supply from Ksi Lisims LNG
Another European utility has expressed interest in purchasing liquefied natural gas from the Ksi Lisims project planned for the northern British Columbia coast.
Canada’s LNG deal with Germany has major climate, economic implications
Photo: As Canada continues to champion LNG exports as part of a diversified economy, climate disasters like widespread wildfires put increasing pressure on government budgets. Photo: Matt Simmons / The Narwhal Matt Simmons, Local Journalism Initiative Reporter By Matt Simmons Local Journalism Initiative Reporter The Narwhal Summary On May 27, Canada announced an agreement to supply Germany with one million tonnes of liquefied natural gas, or LN…
Uniper Signs LOI For LNG From Ksi Lisims for 2 Million Tonnes a Year
Düsseldorf-based utility Uniper has signed a letter of interest to buy 2 million tonnes of LNG per year from Ksi Lisims LNG, the $10 billion floating export terminal planned for Pearse Island, British Columbia. Deliveries could begin as early as 2032. The letter outlines key commercial terms and is intended to lead to a binding […]
Coverage Details
Bias Distribution
- 63% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
