Ksi Lisims LNG, Shell seal 20-year SPA

The partners behind the Ksi Lisims floating LNG project in Canada have signed the first long-term offtake deal with a unit of LNG giant Shell.

Under the 20-year SPA, Ksi Lisims will supply 2 million tonnes of LNG per year on a free-on-board basis to Shell Eastern Trading

The partners behind Ksi Lisims LNG are the Nisga’a Nation, Rockies LNG, a limited partnership comprised of Canadian natural gas producers, and Houston-based Western LNG.

Ksi Lisims said in the statement it would continue to work toward reaching a final investment decision, but it did not provide any additional details.

It previously said that construction of the project is expected to take three to four years, and that commercial operations could start in 2028.

In July last year, US-based engineer Black & Veatch and South Korean shipbuilder Samsung Heavy Industries won a contract for the Ksi Lisims LNG nearshore floating production facility in northwest Canada.

Ksi Lisims LNG plans to produce 12 million tonnes per annum of LNG from two floating production and facilities which will have integrated storage with an aggregate capacity of about 450,000 cbm of LNG.

The proposed facility will have an all-electric process technology developed by Black & Veatch and will be located at Wil Milit on the northern point of Pearse Island, British Columbia.

In July 2021, the Nisga’a Nation, Rockies LNG, and Western LNG filed the initial project description for Ksi Lisims LNG with the local and state governments, while in December 2022, the Canada Energy Regulator (CAR) approved an application from Ksi Lisims LNG to export LNG for a period of 40 years.

Ksi Lisims LNG also filed an application with the B.C. government for an environmental certificate on October 16, 2023.

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