finance
KSI Lisims LNG Project Secures 5 Million Tons Annual Supply Deals
The project has reached purchase agreements covering 5 million tons of LNG per year. Developers aim to reach 8 million tons before a final investment decision and are also discussing supply contracts with European utilities.
May 27, 5:16 PM·1m read1 source
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The KSI Lisims LNG project has secured purchase agreements for 5 million tons of liquefied natural gas per year. Western LNG CEO stated that the project targets 8 million tons of annual contracted volume before a final investment decision. The same executive said the project is also in talks with several European utilities for additional LNG supply agreements.
No timeline for the final investment decision was provided in the announcement. The reported volumes represent committed offtake rather than current production capacity.
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