Deal description: Ksi Lisims LNG Limited Partnership (“Ksi Lisims LNG”), a co-development of the Nisga’a Nation, Rockies LNG Limited Partnership (“Rockies LNG”), and Western LNG LLC (“Western”), announced that Ksi Lisims LNG and Shell Eastern Trading Pte Ltd (“Shell”) have signed a 20-year LNG sale and purchase agreement (the “SPA”). Under the SPA, Shell will purchase 2 million tonnes of LNG per year from the Ksi Lisims LNG project on a free-on-board basis. This is the first LNG offtake agreement executed by Ksi Lisims LNG. 

Ksi Lisims LNG, meaning “from the Nass River” in the Nisga’a language, is a proposed net-zero liquefied natural gas project in British Columbia, Canada. It will be sited on Nisga’a Nation-owned land on the northern tip of Pearse Island. Powered by renewable hydroelectricity, Ksi Lisims LNG will be net-zero ready by 2030. The facility will produce 12 million tonnes per annum of LNG from two floating LNG production and storage facilities. Ksi Lisims LNG filed an application with the B.C. government for an environmental certificate on October 16, 2023.

Baker Botts represented Ksi Lisims LNG in the drafting and negotiation of the SPA.

The official press release can be found here.

Baker Botts Lawyers/Offices Involved:

Global Projects: David Jetter (Partner, Houston), Rob Butler (Partner, London), Arsalan Eftekhar (Associate, Houston)

Tax: Jon Lobb (Partner, Houston)

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