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Uniper, Ksi Lisims LNG Sign 20-Year Canadian LNG Supply Deal

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German utility Uniper agreed to buy 2 million metric tons of Canadian liquefied natural gas per year for 20 years from the proposed Canadian Ksi Lisims LNG project to be built in British Columbia, Uniper said in a Wednesday statement.

The agreement represents the first major, long-term LNG supply agreement between Germany and Canada.

Deliveries are expected to begin around 2032 from the 12 million mt per annum floating Ksi Lisims LNG project, which is designed to produce lower-carbon LNG using electricity generated from the province's hydroelectric resources.

The project is being co-developed with the Nisga'a Nation, an Indigenous First Nations community in British Columbia.

Uniper said the agreement reflects growing cooperation between Canada and Germany on energy security and the transition toward lower-emission energy sources.

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