Shell signs 20-year supply deal with “world’s lowest emission-intensity LNG facility”
(WO) – Ksi Lisims LNG Limited Partnership, a co-development of the Nisga’a Nation, Rockies LNG Limited Partnership, and Western LNG LLC, announced that Ksi Lisims LNG and Shell Eastern Trading Pte Ltd have signed a 20-year LNG sale and purchase agreement. Under the SPA, Shell will purchase 2 million tonnes of LNG per year from the Ksi Lisims LNG project on a free-on-board basis. This is the first LNG offtake agreement executed by Ksi Lisims LNG.
Ksi Lisims LNG, meaning “from the Nass River” in the Nisga’a language, is a proposed net-zero liquefied natural gas (LNG) project in British Columbia, Canada. It will be sited on Nisga’a Nation-owned land on the northern tip of Pearse Island.
Powered by renewable hydroelectricity, Ksi Lisims LNG will be the lowest emission intensity LNG facility in the world, and net-zero ready by 2030. The facility will produce 12 million tonnes per annum of LNG from two floating LNG production and storage facilities.
“The Ksi Lisims LNG project is an innovative development for North America. Our project, utilizing floating LNG production units built by Samsung Heavy Industries and an all-electric process technology developed by Black & Veatch, will be the lowest emitting LNG liquefaction facility in the world,” said Davis Thames, president and CEO of Western.
He continued, “Ksi Lisims LNG will play an important role in the long-term economic growth of the Nisga’a Nation and other nations with which we work, and we remain committed to being good partners with them. Our work with the Nisga’a Nation and Rockies LNG has produced a unique value proposition for our customers, and we look forward to growing our sales portfolio in the near future.”
“Canada is an ideal global energy supplier, producing the world’s most responsible and lowest-emission natural gas at the shortest distance from Asia in the Americas. The Ksi Lisims LNG project will provide energy markets in Asia with low-carbon, reliable energy that helps transition from higher emitting fuels to meet growing energy needs and supports continued growth in intermittent renewables such as wind and solar,” said Charlotte Raggett, president and CEO of Rockies LNG.
