Latest news with #KsiLisimsLNG
Calgary Herald
3 days ago
- Business
- Calgary Herald
Opinion: PM Carney wants Canada to be an energy superpower - here's how he can prove it
Article content Prime Minister Mark Carney says he wants Canada to become an energy superpower. That's the right goal, and now that he's in charge, it's time to back up his lofty words with real action – here's how he can prove it. Article content Article content Canadian liquefied natural gas (LNG) is one of the most significant opportunities for Canada to grow its economy and create good, mortgage-paying jobs for Canadians. Several projects are awaiting final approval: Phase 2 of the LNG Canada project, Ksi Lisims LNG, and Woodfibre are just some examples. Getting these projects approved and built quickly would show authentic leadership. Article content Article content Article content Pipelines are key to moving natural gas and oil safely across Canada, but the Liberal Party's 2025 election platform doesn't even mention them. Canada has some of the world's largest natural gas and oil reserves. Without this enabling infrastructure, our reserves are just another wasted Canadian opportunity, and our aspiration of becoming an energy superpower is just another political platitude. Article content Prime Minister Carney has said he supports the energy sector. Still, he remains frustratingly unclear about whether he considers pipelines one of his 'nation-building projects'. Carney said he is looking for an international consensus on pipelines. Minister Guilbeault recently threw cold water on the idea of any new projects. Getting consensus from the provinces will be hard if he cannot even find it within his cabinet. This is the kind of uncertainty that makes investors nervous. The prime minister must give a clear message: Canada supports responsible natural gas and oil development. Article content Article content Scrap the cap Article content The proposed cap on Canada's natural gas and oil industry must be scrapped immediately. Third-party experts, including Canada's parliamentary budget officer, have provided overwhelming evidence that this policy will limit production in the industry. Only the federal government – and activists – continue to declare the opposite. They're wrong, and keeping this cap will send a damaging signal to investors who are already hesitant about investing in Canada. Article content Carney has promised to get major projects approved in under two years. But C-69, the 'no more pipelines' bill, has made getting energy projects approved nearly impossible. Ten years to a no is not a process – it's paralysis.
The Province
5 days ago
- Business
- The Province
Is LNG in B.C. falling behind? Here's the status of five major projects
The Nisga'a First Nation backed Ksi Lisims LNG proposal awaits a key decision for its pipeline, but four other B.C. plants are in process If the Ksi Lisims goes ahead, it would become the fifth LNG plant boosting B.C.'s production of the supercooled fuel from a trickle today to more than 30 million tonnes a year for export within a decade. Photo by Nisga'a Lisims Government The Ksi Lisims LNG project, which is backed by the Nisga'a First Nation, requires a key decision by environmental regulators before it can proceed. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Ksi Lisims, which this month signed an agreement with French energy giant TotalEnergies SE to buy some of the liquefied natural gas from the project, needs a re-approval from the B.C. Environmental Assessment Office for the pipeline that would serve its plant. Ksi Lisims, with partner Western LNG, applied in November for a ruling from the assessment office that initial work undertaken on the Prince Rupert Gas Transmission line was enough to satisfy a requirement for 'substantial start' of construction by late last year. No one from the environmental assessment office was made available for an interview, but an email in response to Postmedia questions said the office expects to make its decision this spring. Stay on top of the latest real estate news and home design trends. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. The Prince Rupert Gas Transmission line, under then-owner Calgary-based TC Energy, received environmental approval for the proposed 780-kilometre, 1.2-metre diameter pipeline in 2014. The pipeline was later bought by the Nisga'a and Western LNG. A five-year permit extension granted in 2019 required a substantial start of construction before November 2024 or it would expire. A recent assessment office email said the determination is an administrative decision and the necessary time is being taken to review all relevant information needed to decide whether work clearing work the right of way constitutes a substantial start. Ksi Lisims is supported by the Nisga'a Nation, which views the project as a cornerstone of its economic development. But it is opposed by other First Nations, including the Gitanyow Nation whose territory the pipeline would cross on 50 kilometres of its route, and a consortium of environmental groups. This advertisement has not loaded yet, but your article continues below. The email from the assessment office said the decision will be based on information provided by the pipeline's partners and First Nations and consultation with those nations 'throughout this process.' In the meantime, other B.C. LNG projects, with the potential to export about 34 million tonnes of natural gas annually, are proceeding at varying stages of construction. LNG Canada The most advanced is LNG Canada in Kitimat. It received a shipment of imported liquefied natural gas in April to use in testing equipment during its commissioning process. It expects to be producing its first gas for export within a few months. Construction on the $18-billion LNG Canada plant, a joint venture of Shell Canada, Malaysian state-owned Petronas, PetroChina, Mitsubishi Corp. and Korean Gas Corp. started in 2019, along with its associated $14.5-billion Coastal GasLink pipeline, which is owned by TC Energy. This advertisement has not loaded yet, but your article continues below. At its outset, LNG Canada's two initial production units, referred to as 'trains' in the industry, will have the capacity to produce up to 14 million tonnes of liquefied natural gas a year. Partners in the consortium are considering a Phase 2 of the project to expand its capacity to 26 million tonnes of LNG a year. That Phase 2 expansion has political support in B.C. with Premier David Eby including the project on the list of major resource projects the projects is willing to 'fast track' to shore up the economy during the uncertainty of Canada-U.S. trade tensions. Woodfibre LNG Woodfibre LNG, a subsidiary of Singapore-headquartered Pacific Energy Corp. received environmental approval for the its $5.1 billion LNG proposal in 2015 and kicked off major construction in 2023 with an expected completion date of 2027, according to Woodfibre. It is expected to have the capacity to produce up to 2.1 million tonnes of LNG a year. This advertisement has not loaded yet, but your article continues below. The project consists of the Woodfibre LNG plant, seven kilometres south of Squamish on the west side of Howe Sound on the former site of the Woodfibre pulp mill, and the Eagle Mountain pipeline, a 50 kilometre extension of FortisBC's pipeline network from Coquitlam. Woodfibre submitted an application in May seeking permission to moor an additional cruise-ship 'floatel' as accommodations for 900 workers alongside its initial 'floatel,' the MV Isabelle X, which houses 650 construction workers, to speed up progress. Cedar LNG Cedar LNG, majority owned by the Haisla First Nation, is a joint venture with Calgary-headquartered Pembina Pipeline Corp. The proposal, in 2023, received environmental approval to build a floating LNG production facility on the Douglas Channel south of LNG Canada's project. This advertisement has not loaded yet, but your article continues below. The Cedar LNG joint venture made its final investment decision for the US$4 billion construction of the facility. Contractors Black & Veatch and Samsung Heavy Industries will build the plant's floating platform at shipyards in South Korea and transport it to the site, with an expected completion date in 2028. Once in commission, the plant will have the capacity to produce up to 3.3 million tonnes of LNG a year. Tilbury LNG FortisBC's original Tilbury LNG plant in Delta was opened in 1971 to produce LNG to be stored for times of peak demand in its domestic system. In 2018, a Phase 1 expansion increased its capacity to 250,000 tonnes of LNG a year to meet increasing domestic demand for use of gas as transportation fuel in trucking and in shipping. A Phase 2 projects remains under review by the environmental assessment office. Construction would start in 2026, expanding production to 2.5 million tonnes of LNG a year to supply domestic demand, but also open the potential for exports. depenner@ Read More News Crime Vancouver Canucks Vancouver Canucks News
Yahoo
21-05-2025
- Business
- Yahoo
TotalEnergies Seals LNG Deal with Ksi Lisims
It was recently revealed that TotalEnergies SE (NYSE:TTE) has signed an agreement with Ksi Lisims to purchase LNG. Let's shed some light on the development. TotalEnergies SE (NYSE:TTE) announced on May 19, 2025, that it has signed a deal with Ksi Lisims LNG for the purchase of 2 million tons per year of LNG for 20 years from the latter's planned export project in Canada, subject to the final investment decision of the project. Moreover, the French energy giant will also acquire a 5% stake in Houston-based Western LNG, the developer, shareholder, and future operator of the Ksi Lisims LNG project. The agreement will grant TotalEnergies the option to increase its stake in Western LNG and/or to take a direct stake in the plant up to approximately 10% when the final investment decision is made. The Ksi Lisims LNG project, with a capacity of 12 million tons per year, is of strategic importance to Total since its Pacific coast location grants it privileged access to Asia, the largest LNG market in the world. Stéphane Michel, President of Gas, Renewables, & Power at TotalEnergies SE (NYSE:TTE), stated: "This purchase of LNG from the future Ksi Lisims LNG plant will allow us to diversify our LNG portfolio in North America and benefit from competitive LNG supply in Western Canada to better serve our Asian customers, with whom we are developing a significant portfolio of long-term supply contracts. As part of our integrated strategy, we are also pleased to partner with Western LNG to support the development of this very low CO2 emission liquefaction plant project" TotalEnergies SE (NYSE:TTE) is the third-largest LNG player in the world with a global portfolio of 40 Mt/y in 2024, thanks to its interests in liquefaction plants in all geographies. Despite a net adjusted profit and revenue decline in the first quarter of 2025, the company's LNG business performed well, with adjusted net operating income rising by 6% YoY to $1.3 billion. Already the top exporter of American LNG, the French energy major is planning to expand its portfolio even further, most recently via a 20-year contract signed last month with NextDecade. While we acknowledge the potential of TTE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TTE and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Sign in to access your portfolio
Hamilton Spectator
20-05-2025
- Business
- Hamilton Spectator
TotalEnergies signs supply deal with proposed Ksi Lisims LNG project on B.C. coast
VANCOUVER - TotalEnergies has signed a deal to buy two million tons per year of liquefied natural gas for 20 years from the proposed Ksi Lisims LNG project on the north coast of B.C. The proposed Ksi Lisims LNG project is a liquefied natural gas plant with a capacity of 12 million tons per year. In connection with the deal, TotalEnergies will acquire a five per cent stake in Western LNG, the developer, shareholder, and future operator of the project. The French company has also been granted an option to increase its stake in Western LNG and/or take a direct stake in the plant of up to about 10 per cent once a final investment decision is made. Ksi Lisims is being developed by the Nisga'a Nation, Rockies LNG Partners and Western LNG. The project submitted its application to the B.C. government for an environmental assessment certificate in October 2023. The TotalEnergies deal is the second offtake agreement signed by Ksi Lisims. Shell Eastern Trading Pte Ltd. signed a deal last year to buy two million tons of LNG per year for 20 years. This report by The Canadian Press was first published May 20, 2025.
Yahoo
20-05-2025
- Business
- Yahoo
TotalEnergies signs supply deal with proposed Ksi Lisims LNG project on B.C. coast
VANCOUVER — TotalEnergies has signed a deal to buy two million tons per year of liquefied natural gas for 20 years from the proposed Ksi Lisims LNG project on the north coast of B.C. The proposed Ksi Lisims LNG project is a liquefied natural gas plant with a capacity of 12 million tons per year. In connection with the deal, TotalEnergies will acquire a five per cent stake in Western LNG, the developer, shareholder, and future operator of the project. The French company has also been granted an option to increase its stake in Western LNG and/or take a direct stake in the plant of up to about 10 per cent once a final investment decision is made. Ksi Lisims is being developed by the Nisga'a Nation, Rockies LNG Partners and Western LNG. The project submitted its application to the B.C. government for an environmental assessment certificate in October 2023. The TotalEnergies deal is the second offtake agreement signed by Ksi Lisims. Shell Eastern Trading Pte Ltd. signed a deal last year to buy two million tons of LNG per year for 20 years. This report by The Canadian Press was first published May 20, 2025. The Canadian Press
