TotalEnergies has acquired a 5% stake in Western LNG and secured LNG supply from the Ksi Lisims LNG plant, enhancing its portfolio and commitment to sustainability in the North American LNG market.

Information on the Target

The Ksi Lisims LNG project is an advanced liquefied natural gas (LNG) plant located on the Pacific coast of British Columbia, Canada. Designed with a capacity of 12 million tons per year (Mtpa), this facility is strategically positioned to cater to the growing demand for LNG in Asia, which represents the world's largest LNG market. The project is notable for its commitment to sustainability, as it is fully electrified and powered by hydroelectric energy, ensuring it ranks among the lowest CO₂-emitting LNG operations globally.

In alignment with its development strategy, the project is being developed by Western LNG, in which TotalEnergies has recently acquired a 5% stake. This acquisition not only enhances TotalEnergies' portfolio but also offers the potential for increased investment, allowing them to acquire up to a 10% stake in the future, contingent upon the final investment decision.

Industry Overview in Canada

Canada's LNG industry has gained significant traction over the past few years, emerging as a pivotal player in the global energy market. The country is endowed with rich natural gas resources, primarily located in Western Canada, fostering a robust pip