Canada will announce a supply agreement for liquefied natural gas (LNG) to Germany’s SEFE, the former Gazprom PJSC unit nationalised after the Ukraine invasion.
The LNG will be shipped from the Ksi Lisims project, a C$10 billion ($7.3 billion) floating export facility on British Columbia’s coast that has already secured regulatory approval.
The project is backed by Blackstone Inc‑funded Western LNG, Rockies LNG Partners and the Nisga’a Nation, which owns the development land.
Ksi Lisims aims to produce 12 million metric tons per year of LNG, a capacity comparable to the first phase of LNG Canada (Shell‑backed) that began operations last year.
The deal is expected to be announced on Wednesday by Tim Hodgson, Canada’s Minister of Energy and Natural Resources.
Hodgson noted that European nations are actively seeking reliable gas supplies to replace disrupted Russian and Middle‑East flows and wish to avoid over‑reliance on U.S. gas due to trade tensions.
