TotalEnergies Inks LNG Agreement with Proposed Canadian Project

TotalEnergies has signed a 20-year purchase agreement with a proposed floating LNG (FLNG) project off the northwest coast of Canada.

TotalEnergies said May 19 that it will buy 2 million tonnes per year (mtpa) of LNG from the Ksi Lisims LNG plant, subject to the project reaching a final investment decision.

As part of the agreement, TotalEnergies acquired a 5% stake in Western LNG, the developer and future operator of the project. The Ksi Lisim project, upon completion, would have a capacity of 12 mtpa. The company expects commercial operations to start by 2029.

Western LNG is a Houston-based company that lists two projects on its website: the Ksi Lisims plant and the Prince Rupert Gas Transmission project—a 500-mile gas pipeline in British Columbia that would supply the FLNG. 

"This purchase of LNG from the future Ksi Lisims LNG plant will allow us to diversify our LNG portfolio in North America and benefit from competitive LNG supply in Western Canada to better serve our Asian customers, with whom we are developing a significant portfolio of long-term supply contracts", said Stéphane Michel, president of gas, renewables and power at TotalEnergies.