The UK energy company Centrica Energy and Ksi Lisims LNG have signed a Heads of Agreement (HOA) covering the sale and purchase of 1 Mt/year of LNG from the proposed 12 Mt/year Ksi Lisims floating LNG export project in British Columbia (Canada), on land owned by the Nisga’a Nation. The agreement provides for LNG sales to Centrica on a free-on-board (FOB) basis over 20 years and remains subject to the execution of a Sale and Purchase Agreement (Centrica press release, 30/09/2026).
The project is being led by the Nisga’a Nation, Rockies LNG, a consortium of Canadian gas producers, and Western LNG. The project is designed to supply LNG primarily to Pacific Basin and Asian markets. Its liquefaction facilities will be powered by hydroelectricity, supporting a lower-emissions LNG production profile.
According to the CEO of Western LNG, the company expects to convert the Centrica agreement into a binding sales and purchase agreement "in the coming months". Following the announcement, Ksi Lisims LNG has reached long-term supply agreements or Heads of Agreement covering 9 Mt/year of its planned 12 Mt/year capacity.
The agreement with Centrica follows a similar deal announced only a few days earlier with Australian company Santos, which also covers 1 Mt/year (KEI,16/09/2026).
Canada is continuing to strengthen its position in the global LNG sector, supported by an expanding pipeline of projects under development and a series of commercial agreements reached since the beginning of the year. A final investment decision was recently taken for phase 2 of LNG Canada in British Columbia, doubling the size of the LNG project developed by a joint venture with US company Shell as operator to 28 Mt/year (KEI, 30/09/2026).