The German energy company Uniper and the Ksi Lisims LNG project signed a letter of intent on June 8, 2026, for a potential long-term supply contract. The document establishes the essential commercial conditions for an offer of 2 million tonnes per year, with first deliveries scheduled for 2032. Düsseldorf-based Uniper primarily supplies gas to markets in Germany, the United Kingdom, Sweden, and the Netherlands.
The project is a floating export terminal with a capacity of 12 million tonnes per year, located on the northwest coast of British Columbia. The facility will receive gas from the Western Canadian Sedimentary Basin via the Prince Rupert Gas Transmission pipeline. The project holds key environmental approvals and has been designated by the Canadian government as a Project of National Interest.
Ksi Lisims LNG and the Diversification of German Supply
The agreement with Uniper comes weeks after SEFE, a German-owned company, closed a purchase agreement for 1 million tonnes per year for up to 20 years. Shell and TotalEnergies had previously signed agreements for 2 million tonnes per year each. With this letter of intent, the project would accumulate potential commitments of up to 7 million tonnes per year, representing 58% of its total capacity.
Germany has accelerated diversification since Gazprom interrupted pipeline flows in 2022.
The agreement will further diversify our procurement portfolio and strengthen security of supply
Uniper noted in the joint statement.
The Canadian Pacific corridor offers an alternative route to US LNG, whose reliability has raised questions in the current commercial context.
Background of European Interest in the Project
Reuters had previously reported that Uniper was exploring the purchase of Canadian LNG as part of a long-term strategy. Interest intensified following the war in Iran, which increased pressure on the continent’s energy markets. The Panama Canal route allows Pacific volumes to be transported competitively to European ports.
For more context on the contracts shaping this project, see the analysis of the SEFE–Ksi Lisims contract published on Inspenet. The project is driven by the Nisga’a Nation, Rockies LNG, and Western LNG. “This LNG purchase will diversify our North American portfolio and allow us to better serve our Asian customers,” stated TotalEnergies upon signing its own agreement in 2025.
Ksi Lisims LNG: FID and Construction Schedule
The Final Investment Decision (FID) for Ksi Lisims LNG has not yet been made; purchase contracts are a necessary condition to make that decision viable. If deadlines are met, construction could begin in 2027 with first exports in 2032. This schedule makes the project a medium-term supply source for European buyers.
Industry analysts point out that LNG flows from the United States reached record lows in 2026, increasing the strategic value of alternative sources such as Ksi Lisims LNG. The project would be Canada’s second-largest LNG export terminal upon entering operation, consolidating a new supply route for Europe.
Source and photo: Uniper
