January 9, 2024 [Reuters]- Global gas giant Shell (SHEL.L) has agreed to buy two million metric tons of liquefied natural gas (LNG) per year from Ksi Lisims LNG, partners in the proposed Canadian project said on Monday.
Ksi Lisims would be one of Canada’s first LNG export facilities if built and its second-largest, but it has not yet passed all regulatory hurdles.
Ksi Lisims, a co-development of the Nisga’a Nation, Rockies LNG Partnership and Western LNG, would produce 12 million metric tons of LNG annually from two floating LNG production and storage facilities. Exports may start in late 2028.
The facilities would run on hydro-generated electricity to become net-zero emissions by 2030 as required by the B.C. government. That plan depends on utility BC Hydro expanding transmission lines to serve LNG and mining projects in northwest B.C.
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