British Columbia’s Ksi Lisims LNG project has signed a long-term supply agreement with German utility Securing Energy for Europe (SEFE), another step in its effort to develop a large liquefied natural gas export business on Canada’s Pacific coast.
Under the binding sale and purchase agreement SEFE will buy one million tons of liquefied natural gas (LNG) a year for 20 years. Deliveries are expected to start in the early 2030s.
The agreement builds on an initial heads of agreement signed by the two parties in May 2026, moving their commercial discussions to a contractual arrangement
7 million tons of annual capacity now under contract
This latest deal enhances the commercial position of the project. The planned Ksi Lisims LNG project on the northern coast of British Columbia, near the Alaska border, has now secured binding contracts for seven million tons per year out of its planned total capacity of 12 million tons.
Other supply agreements are in early stages and could add to the project’s contracted volumes as talks progress, according to two people.
The development is expected to help connect Canadian natural gas resources to world energy markets, including Europe, where securing long-term supplies remains a key consideration for utilities.
$10 billion project backed by Canadian partners
Western LNG, a Houston-based company, is developing Ksi Lisims LNG and is also expected to run the facility in the future. Its partners include Rockies LNG, a consortium of Canadian natural gas producers, and the Nisga’a Nation, on whose land the project is proposed.
The development is already approved by regulators, and is on track to cost $10 billion. The partners said they hope to make a final investment decision by the end of 2026.
The finalization of the SEFE agreement is another step toward that milestone but the next steps for the project will depend on the investment decision by the partners and the progress of the other commercial agreements.
