Canadian LNG gains global momentum with TotalEnergies backing of third BC export project

https://www.westernstandard.news/business/canadian-lng-gains-global-momentum-with-totalenergies-backing-of-third-bc-export-project/64895

Canada’s liquefied natural gas (LNG) sector is surging forward, bolstered by a second major foreign investment in just five months.

This weekend, French energy giant TotalEnergies signed a 20-year sales and purchase agreement (SPA) for 2 million tonnes per annum (Mtpa) from the proposed Ksi Lisims LNG project in British Columbia — its latest move to deepen North American LNG ties.

The deal marks another milestone for the project, following a similar offtake agreement signed by Shell earlier this year.

The agreement positions Canada ahead of Alaska in the intensifying race to develop West Coast LNG export capacity to Asia, the world’s fastest-growing LNG market. Ironically, KsI Lisims is located almost adjacent to the Alaska border. Continue…