Carney Secures Lng Deal for 1 Million Tonnes from Ksi Lisims

Canada will sign an lng export agreement with Germany's SEFE group for up to 1 million metric tons a year from the proposed Ksi Lisims facility in British Columbia. The deal gives the Pacific Coast terminal a named customer for part of its output, and it moves the $10-billion project one step closer to a final investment decision.

SEFE Deal, 1 Million Metric Tons

1 million metric tons per year is the volume attached to the agreement, or about 1.1 million US tons. SEFE, the leading German energy utility and former German subsidiary of Gazprom, would take cargoes from the planned terminal on British Columbia's coast. Germany nationalized SEFE in 2022, putting the buyer under state control after the energy shock that followed Russian supply cuts.

$10-billion Canadian is the size of the Ksi Lisims plant and export terminal that stands behind the deal. David Eby said earlier Tuesday in Vancouver that a supply agreement for Canadian liquefied natural gas to Germany would be a key step toward the partners behind the Ksi Lisims project deciding to go ahead with their $10-billion Canadian (US$ 7.2 billion) plant and export terminal. The project already has the permits it needs, but its consortium has not yet made a final investment decision.

Carney's Non-U.S. Trade Push

Mark Carney has set a goal to double non-U.S. trade in a decade, and the German deal fits that target more directly than Canada's current export mix, which still goes almost entirely to the United States. The agreement broadens the customer base for a Canadian energy project before construction can begin, while tying a North American export terminal to a European utility that Berlin brought under state control in 2022.

Tuesday, May 26, 2026 is the date on which Canada reached the deal, with the agreement set to be announced Wednesday. For Ksi Lisims, the practical hurdle is now narrower: the project has permits and supply contracts, but it still needs the final investment decision that turns paper capacity into steel in the ground.

Ksi Lisims, Shell, TotalEnergies

Two prior supply agreements already give the project more commercial weight. The partnership has signed deals with a unit of London-based Shell and with France-based TotalEnergies, alongside the new German arrangement. If those contracts hold, Ksi Lisims would enter its financing decision with three named buyers, a setup that is stronger than a terminal still searching for customers.

British Columbia Premier David Eby linked the German sale to the next step for the project, and the numbers explain why. A $10-billion export terminal with permits but no final investment decision is still a proposal; a terminal with 1 million metric tons a year contracted to SEFE starts to look like a project moving from concept toward construction.