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2mo ago

TotalEnergies Finalizes LNG Deal and Stake in Ksi Lisims Project as Pipeline Costs Escalate

The French energy giant secures a 20-year LNG supply agreement and a 5% stake in the B.C.-based project, while the associated pipeline awaits environmental approval amidst rising costs and legal challenges.

"Train 2" at the LNG Canada plant nearing completion in Kitimat B.C. in November 2024.
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View of the French oil giant company TotalEnergies headquarters, Friday, March 21, 2025 in La Defense business district outside Paris. (AP Photo/Thomas Padilla)

Overview

  • TotalEnergies has signed a 20-year agreement to purchase 2 million tonnes of LNG annually from the proposed Ksi Lisims LNG project in British Columbia.
  • The company has acquired a 5% stake in Western LNG, with an option to increase its ownership to up to 10% after a final investment decision is made.
  • The Ksi Lisims LNG project, co-owned by the Nisga’a Nation, Rockies LNG Partners, and Western LNG, is designed to produce 12 million tonnes of LNG annually with low carbon emissions through hydroelectric power.
  • The associated Prince Rupert Gas Transmission (PRGT) pipeline faces rising cost estimates of $10–12 billion and awaits a decision from B.C.'s environmental regulator on its certificate renewal.
  • Indigenous groups and environmental organizations continue to oppose the pipeline route, pursuing legal challenges to recent permit approvals.