TotalEnergies signs agreement to purchase 2 Mtpa of LNG from Ksi Lisims LNG project in 2025

TotalEnergies has signed a 20-year contract to purchase 2 million tonnes per annum (Mtpa) of LNG from Ksi Lisims LNG, a liquefaction project located in British Columbia, Canada.

Partagez:

TotalEnergies announced on May 19, 2025, the signing of a sales and purchase agreement for 2 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) over 20 years with Ksi Lisims LNG, a development project located on the Pacific coast of Canada. The agreement is subject to a final investment decision on the project. At the same time, TotalEnergies acquired a 5% stake in Western LNG, the company responsible for developing and operating the project. This acquisition gives TotalEnergies the option to increase its stake in Western LNG or take a direct interest in the plant of up to approximately 10% once the final investment decision is made.

A strategic project on the Pacific coast

The Ksi Lisims LNG project involves the construction of a liquefaction facility with a capacity of 12 Mtpa. Located in British Columbia, the project benefits from a favourable geographic position to serve Asian markets, currently the most important globally for LNG trade. This is a key factor in TotalEnergies’ strategy to strengthen its presence in the Asia-Pacific region.

The facility will be fully powered by hydroelectricity, which would make it one of the lowest carbon dioxide (CO2)-emitting LNG projects in the world, according to project developers. Although environmental impact is not central to the commercial agreement, this technical feature could attract buyers seeking to reduce emissions in their energy supply chains.

A diversification lever for TotalEnergies

Stéphane Michel, President of the Gas, Renewables & Power division at TotalEnergies, stated that the agreement would allow the company to further diversify its portfolio in North America while meeting the needs of its Asian clients. The group is currently developing a significant portfolio of long-term supply contracts in the region.

TotalEnergies’ involvement in Western LNG also reflects its strategy of vertical integration within the LNG sector. This transaction strengthens its presence in the upstream development of projects and ensures greater control over the supply chain, from production to final delivery. No additional details have been provided regarding the exact timeline for the final investment decision on the project.

The increase in oil drilling, deepwater exploration, and chemical advances are expected to raise the global drilling fluids market to $10.7bn by 2032, according to Meticulous Research.
Enbridge Gas Ohio is assessing its legal options following the Ohio regulator's decision to cut its revenues, citing potential threats to investment and future customer costs.
The European Union extends gas storage regulations by two years, requiring member states to maintain a minimum fill rate of 90% to ensure energy security and economic stability amid market uncertainties.
Woodside finalises the divestment of a 40% stake in the Louisiana LNG project to Stonepeak, injecting $5.7 billion to accelerate developments and optimise financial returns ahead of first gas delivery scheduled in 2026.
Keranic Industrial Gas seals a sixty-day exclusivity deal to buy Royal Helium’s key assets, raise CAD9.5mn ($7.0mn) and bring Alberta’s Steveville plant back online in under fifteen weeks.
The Irish-Portuguese company Fusion Fuel strengthens its footprint in the United Arab Emirates as subsidiary Al Shola Gas adds AED4.4 mn ($1.2 mn) in new engineering contracts, consolidating an already robust 2025 order book.
Cheniere Energy validates major investment to expand Corpus Christi terminal, adding two liquefaction units to increase its liquefied natural gas export capacity by 2029, responding to recent international agreements.
A study by the International Energy Agency reveals that global emissions from liquefied natural gas could be significantly reduced using current technologies.
Europe is injecting natural gas into underground storage facilities at a three-year high, even as reserves remain below historical averages, prompting maximized imports of liquefied natural gas (LNG).
South Korea abandons plans to lower electricity rates this summer, fearing disruptions in liquefied natural gas supply due to escalating geopolitical tensions in the Middle East, despite recent declines in fuel import costs.
Russia positions itself to supply liquefied natural gas to Mexico and considers expanded technological sharing in the energy sector, according to Russian Energy Minister Sergey Tsivilyov.
Israel has partially resumed its natural gas exports to Egypt and Jordan following a week-long halt due to the closure of two major offshore gas fields, Leviathan and Karish.
Nepal reveals a significant potential reserve of methane in the west of the country, following exploratory drilling conducted with technical support from China, opening new economic prospects.
Petronas formalizes a memorandum with JOGMEC to secure Japanese LNG deliveries, including a first cargo from LNG Canada scheduled for July at Toho Gas.
Belgrade is currently finalising a new gas contract with Russia, promising Europe's lowest tariff, according to Srbijagas General Director Dusan Bajatovic, despite Europe's aim to eliminate Russian imports by 2027.
TotalEnergies and QatarEnergy have won the Ahara exploration licence, marking a new stage in their partnership with SONATRACH on a vast area located between Berkine and Illizi.
After four years of interruption due to regional insecurity, TotalEnergies announces the upcoming resumption of its liquefied natural gas project in Mozambique, representing a $20bn investment.
The French group has acquired from PETRONAS stakes in several licences covering more than 100,000 km² off Malaysia and Indonesia, consolidating its Asian presence and its exposure to the liquefied natural gas market.
In response to rising summer electricity consumption, Egypt signs import agreements covering 290 shipments of liquefied natural gas, involving major international firms, with financial terms adjusted to the country’s economic constraints.
Egyptian fertilizer producers suspended their activities due to reduced imports of Israeli gas, following recent production halts at Israel's Leviathan and Karish gas fields after Israeli strikes in Iran.