Santos Locks in 20-Year Deal with Ksi Lisims LNG
Ksi Lisims LNG has secured a major commercial milestone by signing a 20-year deal with Santos, a prominent Australian energy company. This significant agreement will see Santos purchase 1 million tonnes of liquefied natural gas (LNG) per year from the proposed Canadian terminal. The binding supply and purchase agreements cover half of Ksi Lisims LNG's planned capacity.
The developers behind Ksi Lisims LNG are working towards a final investment decision by the end of this year, with this deal providing a crucial boost to their commercialization efforts.
The addition of Santos to the terminal's list of prospective buyers is a significant development, underscoring the growing interest in Canadian LNG projects. With this agreement in place, Ksi Lisims LNG can move forward with its plans for commercialization and take another step closer to becoming a reality.