TotalEnergies has signed a landmark Sales and Purchase Agreement (SPA) to buy 2 million tons per annum (Mtpa) of liquefied natural gas (LNG) for 20 years from Canada’s upcoming Ksi Lisims LNG project, pending the final investment decision.In a parallel move, TotalEnergies acquired a 5% stake in Western LNG, the developer and future operator of the Ksi Lisims plant.

This investment gives TotalEnergies the option to increase its ownership to about 10% once the project reaches its final investment decision.Located on British Columbia’s Pacific coast, the Ksi Lisims LNG plant will have a capacity of 12 Mtpa and is powered entirely by hydroelectricity, making it one of the lowest carbon-emitting LNG projects worldwide.

Stéphane Michel, President of Gas, Renewables & Power at TotalEnergies, said, “This purchase of LNG from the future Ksi Lisims LNG plant will allow us to diversify our LNG portfolio in North America and benefit from competitive LNG supply in Western Canada to better serve our Asian customers.”

He added, “We are also pleased to partner with Western LNG to support the development of this very low CO2 emission liquefaction plant project.”

The agreement marks a strategic step in TotalEnergies’ integrated plan to expand clean LNG supplies and strengthen its presence in the rapidly growing Asian LNG market.