Ksi Lisims LNG has signed a Heads Of Agreement (HOA) with British energy company Centric Energy 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 30 press release.
This agreement brings the total capacity with SPAs or HOAs to 9 MMtpa. In May, the CEO of co-owner and project operator Western LNG LLC was quoted as wanting 8-9 MMtpa of capacity under SPAs before making a positive Final Investment Decision. Shell, TotalEnergies, and Uniper have each signed long-term SPAs for 2 MMtpa, and earlier this year Ksi Lisims announced HOAs for 1 MMtpa with both SEFE and Santos.
The September 30 press release also noted that the project has secured “Project of National Interest” status from the Government of Canada, which was expected, and should help expedite the project through federal regulatory processes.
The Ksi Lisims LNG project is a proposed 12 MMtpa floating LNG project to be located on Pearse Island in northwest British Columbia, that would take in 1.7-2.0 Bcf/d of natural gas and be amongst the lowest emissions LNG export facilities in the world (see chart below). The consortium is owned by Houston-based Western LNG, Rockies LNG Partners, and the Nisga’a Nation. For more information on the project see our Analyst Insight from May.
Source: Ksi Lisims LNG
