Uniper Signs Long-Term LNG Supply Deal with Ksi Lisims
German energy company Uniper has signed a long-term LNG supply agreement with Canada’s Ksi Lisims LNG project, in a deal aimed at securing fuel for Europe.
What Readers Should Know
- Uniper signed a long-term LNG supply agreement with Ksi Lisims LNG.
- The contract covers 2 million tonnes of LNG per year.
- The deal is on a free-on-board basis for up to 20 years.
- First shipments are expected to begin in 2032.
- The companies called it the first major long-term LNG supply arrangement between Canada and Germany.
- Uniper said the deal will expand its LNG portfolio and support Europe’s energy security.
SEATTLE (Oil Monster): German energy company Uniper has signed a long-term liquefied natural gas (LNG) supply agreement with Canada’s Ksi Lisims LNG project, backed by the Nisga’a Nation, Rockies LNG, and Western LNG. The agreement will secure a reliable source of fuel for Europe.
Under the terms of the agreement, 2 million tonnes of LNG per year will be delivered on a free-on-board (FOB) basis for a period of up to 20 years. The first shipments are expected to begin in 2032, once the Canadian export facility becomes operational.
The companies said the deal represents the first major long-term LNG supply arrangement between Canada and Germany, strengthening energy cooperation between the two countries. The agreement was signed in the presence of senior government representatives from both nations.
Uniper stated that the contract will expand its long-term LNG portfolio. At the same time, it will play a key role in improving Europe’s energy security. The company noted that access to Canadian LNG will help reduce supply risks and provide additional flexibility to meet future demand.
Earlier, the Ksi Lisims project and Securing Energy for Europe (SEFE) had signed a heads of agreement towards the supply of 1 million tonnes of LNG per year. Together, the deals reinforce Canada’s growing role as a long-term supplier of lower-carbon natural gas to European markets.
What the Deal Covers
The agreement calls for annual deliveries of 2 million tonnes of LNG on an FOB basis. It is set to run for up to 20 years, with deliveries expected to begin in 2032 after the export facility becomes operational.
Why the Agreement Matters
Uniper said the contract will broaden its LNG portfolio and support Europe’s energy security. The company said Canadian LNG will help reduce supply risks and add flexibility to meet future demand.
Canada’s Role in LNG Supply
The companies said the agreement, together with the earlier SEFE heads of agreement, reinforces Canada’s role as a long-term supplier of lower-carbon natural gas to European markets.
Frequently Asked Questions
What did Uniper sign with Ksi Lisims LNG?
Uniper signed a long-term LNG supply agreement with the Ksi Lisims LNG project in Canada.
How much LNG will be delivered?
The agreement covers 2 million tonnes of LNG per year.
How long does the deal run?
The contract is for a period of up to 20 years.
When are the first shipments expected?
The first shipments are expected to begin in 2032.
What did the companies say about the deal?
The companies said it is the first major long-term LNG supply arrangement between Canada and Germany and will support Europe’s energy security.
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