Europe Turns to Canadian LNG as Gulf and Russian Gas Risks Deepen

A number of European energy utilities have expressed interest in buying the future output of the Ksi Lisims LNG project, which will be Canada’s second export facility for liquefied gas. The Ksi Lisims LNG facility already has offtake agreements for 5 million tons in annual production, but the companies behind the project want to secure commitments for another 3 to 4 million tons, the chief executive of Western LNG, the project leader, told Reuters in an interview. The Ksi Lisims plant will have a total annual capacity of 12 million tons of…