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Uniper and Ksi Lisims LNG have signed a Letter of Interest (“LOI”) outlining key commercial terms for a pending Supply and Purchase Agreement (“SPA”). The SPA would see Uniper purchase 2 million tonnes per annum (“mtpa”) of LNG on a long-term basis, further strengthening their LNG portfolio’s diversification and adding to the security of supply.
Ksi Lisims LNG is a proposed 12 mtpa floating export facility located on the northwest coast of British Columbia and developed in partnership between the Nisga’a Nation, Rockies LNG, and Western LNG.
Michael Lewis, CEO of Uniper: “Expanding and diversifying our LNG supply portfolio remains a key priority for Uniper. Canada offers an attractive environment with significant gas resources, strong political stability and reliable regulatory frameworks. We see potential in projects like Ksi Lisims LNG to further enhance the resilience and flexibility of our supply portfolio.”
Davis Thames, Founder, CEO, and President, Western LNG: “We are pleased to be working with Uniper as we advance Ksi Lisims LNG. This project, and Europe’s interest in it, demonstrates how energy security, climate responsibility, and community-focused economic development can be achieved together.”
Ksi Lisims LNG will be located on Nisga’a Nation-owned land, on a strategically located site with direct and efficient routes to growing Asian markets. Destination flexibility of the LNG provides an additional security of supply element. Gas supply will be delivered via the Prince Rupert Gas Transmission (PRGT) pipeline, connecting Canada's Western Canadian Sedimentary Basin to the Pacific coast.
Ksi Lisims LNG is designed to be one of the world’s lowest-emissions LNG export terminals. The project will connect with British Columbia’s renewable hydroelectric grid supply, resulting in up to 90 per cent lower greenhouse gas intensity compared with conventional LNG facilities.
Ksi Lisims LNG and its feed pipeline PRGT have received key environmental approvals and have been identified as Projects of National Interest by the Government of Canada. Pending a Final Investment Decision by the project co-developers, construction could begin by early 2027. Uniper could start receiving first volumes of LNG as early as 2032.
For Uniper, Canada represents an important potential additional supply source. Canadian LNG is lower-emission, responsibly-produced energy from a trusted trade partner. A diversified LNG portfolio with a strong global foothold is at Uniper’s core to ensure security of supply for its European downstream markets.
Your contacts for more information:
Ksi Lisims LNG
Rebecca Scott
Senior Director, Communications Western LNG
rscott@westernlng.com
Uniper
Charlotte Rockenbauer
Spokesperson Uniper
T +49 170 1991651
charlotte.rockenbauer@uniper.energy
Ksi Lisims LNG, meaning “from the Nass River” in the Nisga’a language, is a proposed net-zero liquefied natural gas project in British Columbia, Canada. It will be located on Nisga’a Nation-owned land on the northern tip of Pearse Island. Powered by renewable hydroelectricity, Ksi Lisims LNG is designed to be one of the lowest emission intensity LNG facilities in the world with a pathway to net-zero. The facility will produce 12 million tonnes per annum of LNG from two floating LNG production and storage facilities.
Düsseldorf-based Uniper is a European energy company with global reach. It has about 7,000 employees and plays a key role in ensuring a secure energy supply in Europe, particularly in its core markets of Germany, the United Kingdom, Sweden, and the Netherlands. Uniper’s 18.5 gigawatts of power generating capacity make it a mainstay of reliable power production. Uniper is a leading gas trader and one of Northwestern Europe’s most important LNG importers, and its broad procurement portfolio enhances supply security. Uniper’s investments in renewables, hydrogen, and other low-carbon energy carriers propel the transformation of the energy system.
Uniper provides energy and services to about 1,000 municipalities and industrial companies in its home market, Germany. Uniper is also Germany’s largest operator of gas storage facilities and hydropower plants.
This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.
