Ksi Lisims LNG—a proposed major liquefied natural gas terminal on B.C.’s northwest coast—has struck a deal to provide German energy company SEFE one million tonnes per year of liquefied natural gas. The deal, which is meant to last up to 20 years, will help advance one of the world’s cleanest LNG projects while also strengthening energy security for Canada’s allies, Natural Resources Minister Tim Hodgson said. (The Logic)

Talking point: The partners in Ksi Lisims still haven’t made a final investment decision, and the project still depends on construction of the Prince Rupert Gas Transmission line across northern B.C., which faces opposition from some Indigenous groups. Still, Ksi Lisims has significant political backing. It was referred to the federal Major Projects Office last November and has the support of the B.C. government as well as the Nisga’a Nation, who are co-developers alongside Houston-based Western LNG and Canadian consortium Rockies LNG. Long-term offtake deals like this one are key to the financing of LNG projects. Hodgson said he expects the final investment decision “in a matter of months,” with construction beginning “shortly thereafter” and exports beginning in the early 2030s.