Ksi Lisims LNG LP, the consortium that owns the proposed 12 million tonnes per annum (MMtpa) Ksi Lisims LNG project to be located on the northwest coast of British Columbia, has signed a Heads Of Agreement with Australian energy company Santos for 1 MMtpa of LNG (approximately 135 MMcf/d) for a term of 20 years, on an FOB basis, subject to the completion of a Sale and Purchase Agreement (SPA), according to a September 14 press release.
This deal, combined with 6 MMtpa of SPAs already signed with Shell, TotalEnergies, and Uniper, would give the project 7 MMtpa of SPAs, nearing the 8-9 MMtpa threshold that project co-owner Western LNG's CEO was quoted in May as wanting in hand before making a positive Final Investment Decision on the project.
The 12 MMtpa project, which is to be located a stone's throw from the Alaska border, would take in 1.7 to 2.0 Bcf/d of feedgas and is expected to be among the world's lowest emissions-intensity LNG export terminals (see chart below). For further details on the project and its owners, see our Analyst Insight from May.
Source: Ksi Lisims LNG
