Uniper Secures 20-Year Canadian LNG Deal Reducing Ksi Lisims Shortfall

Uniper has secured an agreement to purchase 2 million tonnes per year of liquefied natural gas (LNG) from Canada, beginning in 2032. The contract can last up to 20 years and accounts for roughly 30 terawatt-hours (TWh) annually.

This deal reduces the shortfall for Ksi Lisims' final investment decision (FID) to between 1 and 2 million tonnes per annum. This amounts to 58% of the facility's available capacity, with 1-2 million tonnes remaining before reaching the declared investment threshold.

The Uniper agreement increases disclosed Ksi Lisims agreements to a total of 7 million tonnes. Share prices for Uniper SE rose 1.3%, reaching €41.60 on July 30, after confirming the Canadian LNG deal.