Ksi Lisims, Shell sign 20-year LNG sale and purchase agreement

Company

Ksi Lisims LNG Limited Partnership

Law Firm / Organization
Baker Botts LLP

Company

Shell Eastern Trading Pte Ltd

Law Firm / Organization
Shell Eastern Trading Pte Ltd

Ksi Lisims LNG Limited Partnership, a co-development of the Nisga’a Nation, Rockies LNG Limited Partnership, and Western LNG LLC, have signed a 20-year LNG sale and purchase agreement (SPA) with UK-based energy giant Shell Eastern Trading Pte Ltd. in which Shell will purchase 2 million tonnes of liquefied natural gas (LNG) per year from the Ksi Lisims LNG project on a free-on-board basis. This is the first LNG export contract signed by Ksi Lisims LNG.

Baker Botts L.L.P. acted as legal counsel to Ksi Lisims in connection to the drafting and negotiation of the SPA.

Ksi Lisims LNG, meaning “from the Nass River” in the Nisga’a language, is a proposed net-zero LNG project in British Columbia, Canada It will be located on property held by the Nisga'a Nation near Pearse Island's northernmost point. By 2030, Ksi Lisims LNG, which is powered by renewable hydroelectricity, will have achieved net-zero status and be the world's lowest emission-intensity LNG facility. Two floating LNG production and storage units will provide 12 million tons of LNG annually to the plant.

The Ksi Lisims LNG project is expected to be among the first LNG export facilities in Canada, and the second largest in terms of capacity.

Merger & Acquisition
Energy
Undisclosed/Confidential
Active