TotalEnergies SE TTE announced that it has signed a Sales and Purchase Agreement with Ksi Lisims liquefied natural gas (LNG) for the purchase of 2 million tons per annum (Mtpa) of LNG for 20 years from the future liquefaction plant. The deal is contingent upon the final investment decision for the project.

Significant Details of the Agreement

Located on Canada's Pacific coast (British Columbia), the Ksi Lisims LNG project is fully electrified and powered by hydroelectricity, making it one of the world's lowest carbon dioxide-emitting LNG projects. With a capacity of 12 Mtpa, the LNG plant will have privileged access to Asia, the largest LNG market.

At the same time, TotalEnergies makes a 5% investment in Western LNG, the company developing, owning, and eventually operating the Ksi Lisims LNG plant. When the ultimate investment decision is made, this acquisition will provide TotalEnergies with the opportunity to either directly own up to 10% of the facility or increase its ownership stake in Western LNG.

By acquiring LNG from the upcoming Ksi Lisims LNG facility, TTE will be able to expand its LNG portfolio in North America and take advantage of Western Canada's competitive LNG supply to better serve its Asian customers, with whom it has a sizable portfolio of long-term supply agreements.

TTE's Main Objective in the LNG Chain

TotalEnergies benefits from an integrated position across the LNG value chain, including production, transportation, access to more than 20 Mtpa of regasification capacity in Europe, trading and LNG bunkering.

The company’s global LNG portfolio was 40 Mtpa in 2024, owing to its interests in liquefaction plants in all geographies. The company continues to expand its LNG operation through acquisitions, partnerships and agreements. Its large fleet of LNG tankers and reserved capacity in several regasification terminals make it a perfect partner for the development of LNG projects globally.

TTE’s expanding LNG operation is in sync with its long-term ambition to increase the share of natural gas in its sales mix to nearly 50% by 2030, reduce carbon emissions and eliminate methane emissions associated with the gas value chain.

In April 2025, TTE signed a Heads of Agreement with Energia Natural Dominicana, a joint venture between AES Dominicana and Energas in the Dominican Republic, for the delivery of 400,000 tons of LNG per year. This 15-year agreement is scheduled to commence in mid-2027, pending the finalization of the sale and purchase agreements. The price will be indexed to Henry Hub.

As natural gas is replacing coal in electricity production, it can help reduce emissions and mitigate the intermittent nature of renewable energy sources.