[REVISION HISTORY]

Global liquefied natural gas supply agreements

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2026-11-02 08:11 UTC → 2026-11-02 08:55 UTC · added ~~removed~~

The landscape of liquefied natural gas (LNG) supply involves several major long-term agreements aimed at enhancing energy security and market diversification. In British Columbia, the Ksi Lisims LNG project, a partnership between Western LNG, Rockies LNG, and the Nisga’a Nation, secured a 20-year binding sale and purchase agreement with the German state-owned company Securing Energy for Europe (SEFE). The deal involves the purchase of one million tonnes of LNG per annum. This agreement brings the project’s total completed binding agreements to 7 million mtpa, or approximately 58 per cent of its planned 12 million mtpa capacity. The project, located near Prince Rupert, aims for a final investment decision by the end of 2026. ~~Separately,~~ Metlen and Shell Global LNG Limited ~~signed~~ have also entered into a ~~five-year contract~~ binding long-term agreement for the supply of LNG. Following a Memorandum of Understanding signed in February 2026, the five-year contract is set to commence in 2027. Under the terms, Shell will supply Metlen with six LNG cargoes annually, totaling approximately 0.6 billion cubic meters per annum. ~~Commencing in 2027, the~~ These cargoes will primarily originate from Shell’s United States portfolio to serve the Greek and broader European natural gas markets. Metlen described the agreement as a strategic step toward diversifying its energy supply sources and enhancing its role within the European energy landscape.

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