The sales to SEFE will be on a free on board basis for up to 20 years and are subject to the completion of a sales and purchase agreement (SPA). Ksi Lisims LNG is designed to be one of the lowest‑emissions LNG facilities in the world, leveraging clean hydroelectric power, significantly reducing lifecycle emissions compared to legacy facilities.
With capital costs of approximately $7.4 billion (around CAD 10 billion), the research done by the Institute for Energy Economics and Financial Analysis (IEEFA) suggests that the cost could surge to $19.2 billion (about CAD 26 billion), depending on final design, infrastructure scope, and market conditions due to the evolving financial landscape surrounding major energy infrastructure projects.
The 12-mtpa natural gas liquefaction and marine terminal project is envisioned to receive 1.7–2 billion cubic feet of natural gas per day and export it overseas once commercial operations start in late 2028 or 2029. The project obtained a 40-year export license from the Canada Energy Regulator (CER) two years before the first LNG offtake agreement was inked with Shell.
This project will produce 12 million tonnes per annum of LNG from two floating LNG production and storage facilities. As global energy markets evolve, projects like Ksi Lisims LNG are said to show that energy security and climate responsibility can go hand in hand.