TotalEnergies and Ksi Lisims have entered into a Sales and Purchase Agreement (SPA).

TotalEnergies has entered into a sales and purchase agreement (SPA) with Ksi Lisims LNG to acquire 2 million tons per year of LNG for 20 years from a future liquefaction facility, contingent upon the project's final investment decision.

Additionally, TotalEnergies is purchasing a 5% share in Western LNG, the project's developer and future operator. This investment allows TotalEnergies the possibility to increase its ownership in Western LNG and/or acquire up to around 10% in the plant once the final investment decision is finalized.

The Ksi Lisims LNG project, which will have a capacity of 12 million tons per year, is situated on Canada's Pacific coast in British Columbia, providing it with advantageous access to Asia, the largest LNG market. Fully powered by hydroelectricity, Ksi Lisims LNG is expected to be one of the lowest carbon-emitting LNG projects globally.

“This LNG purchase from the upcoming Ksi Lisims LNG plant will help us diversify our LNG offerings in North America and leverage competitive supply in Western Canada to better serve our Asian clients, with whom we are building a substantial portfolio of long-term supply contracts,” stated Stéphane Michel, President of Gas, Renewables & Power at TotalEnergies. “As part of our integrated strategy, we also look forward to collaborating with Western LNG to advance the development of this very low carbon dioxide emission liquefaction project.”