Canadian LNG project signs third international offtake deal

NISGA'A NATION, BC, Sept. 15, 2026 /CNW/ -- Canada has what the world wants, and to build a more prosperous, sovereign and resilient economy, we are expanding and strengthening our international energy exports. Providing Canadian energy to our allies reinforces global energy security, domestic prosperity, lower-carbon energy markets and Canada's position as an energy superpower.

On September 14, 2026, Ksi Lisims LNG announced its third international offtake agreement, signing a Heads of Agreement with Santos, one of Australia's leading domestic gas suppliers and a major liquefied natural gas (LNG) supplier in Asia. The agreement is for the sale and purchase of 1 million tonnes per annum of LNG from Ksi Lisims for a term of 20 years. This is the third international agreement Ksi Lisims has signed this year, following deals with Uniper and SEFE, both Germany-based companies.

Until last year, Canada relied almost entirely on the U.S. market for its natural gas exports. Agreements such as this broadens our customer base, enhancing our trading network, economic sovereignty and global energy security. This deal supports the federal government's trade diversification agenda, enabling us to go from less than 0.01 percent of our natural gas exports being sent to non-U.S. markets in 2024 to an estimated 55 percent by the early- to mid-2030s. 

Ksi Lisims LNG, which includes the Nisga'a Nation as a key partner, is a $30-billion project that will be Canada's second-largest LNG facility, with exports of 12 million tonnes per annum of LNG. It will also be one of the world's lowest-emission LNG operations, with emissions 94 percent below the global average. By contributing the world's lowest-emission LNG to markets still dependent on coal or more emissions-intensive LNG, the project has the potential to reduce global emissions by 9–14 million tonnes of CO2 per year, equivalent to taking over three million cars off the road. Ksi Lisims LNG was referred to the federal Major Projects Office in November 2025.

This deal, signed in the same week as Canada's first-ever international Investment Summit, demonstrates alignment between the federal government, Indigenous Peoples, industry and international partners on the ability of Canadian energy to provide a foundation for a more prosperous, secure and connected world -- while building economic strength and energy sovereignty at home. 

Quotes

"Canada has what the world wants, and Ksi Lisims LNG's third international deal being signed the same week as some of the world's largest capital allocators gather in Toronto shows that it is our moment -- if we choose to seize it. Amidst energy market disruptions, international demand for reliable energy only continues to grow, and projects like this -- developed in partnership with Indigenous Peoples and providing best-in-class low-carbon energy -- demonstrate how Canada can be a leading energy superpower for years to come."

The Honourable Tim Hodgson
Minister of Energy and Natural Resources

"Santos has built one of the most significant LNG businesses in the Asia-Pacific, and their decision to secure long-term supply from Ksi Lisims LNG reflects a shared commitment to responsible energy development and a clear view that supply diversity is essential to long-term energy security. The level of interest we are seeing from leading global energy companies like Santos reflects a growing global role for reliable, low-carbon, Canadian LNG. This HOA is a strong signal of confidence in our project as we move into the final stages of commercialization and toward a final investment decision."

Davis Thames
Founder, President and Chief Executive Officer, Western LNG

Quick Facts

• Ksi Lisims LNG is a proposed floating natural-gas-liquefaction production, storage and offloading facility with a marine terminal located on the north coast of British Columbia. It will be Canada's second-largest LNG terminal and would export up to 12 million tonnes per annum of LNG.
• After receiving approval under Canada and British Columbia's "One Project, One Review" model in September 2025, Ksi Lisims LNG was referred to the Major Projects Office (MPO) in November 2025 to support Canada's efforts to more than double our low-carbon LNG production.
• The Government of Canada established the MPO to bring business development and project execution experience together within the government to help drive our economy, diversify our industries and trade, support clean growth and Indigenous partnership, and create high-paying careers for generations to come. MPO is delivering through strategic co-ordination to move major projects forward faster and responsibly by simplifying processes while respecting the rights of Indigenous Peoples and protecting the environment.
• Canada is building a trading network that is the envy of the world, with preferential access to 1.5 billion consumers across 16 free trade agreements, 51 countries and roughly two-thirds of global GDP. Building on this advantage, Canada is expanding its international trade footprint by connecting its world-class conventional and clean energy resources directly to global markets. Opening these new export pathways protects the domestic economy from regional price swings and delivers lasting prosperity for Canadian workers and communities.

Associated Products and Links

• Ksi Lisims LNG
• Projects referred to the Major Projects Office

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SOURCE Natural Resources Canada

Contacts: Natural Resources Canada, Media Relations, 343-292-6096, [email protected]; Charlotte Power, Office of the Minister of Energy and Natural Resources, [email protected]