Reports indicate that a significant deal for exporting liquefied natural gas from northwestern British Columbia to Germany is anticipated to be revealed by the federal government later this week.
Sources indicate that the significant agreement is between Ksi Lisims LNG in British Columbia and the German firm SEFE.
"Ksi Lisims has clearly been focused on developing global markets, hence this announcement," stated Dix.
"I won't overshadow their achievements, but clearly, having a variety of markets while promoting your product globally is beneficial."
Federal Energy Minister Tim Hodgson will announce in Vancouver about "international energy exports," with specifics of the agreement likely to be disclosed.
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The Ksi Lisims LNG facility was prioritized by the B.C. government and is part of the key projects that Prime Minister Mark Carney indicated would undergo expedited permitting and approval.
Sources report that the agreement — a first of its kind between Canada and Europe — involves one million metric tonnes of LNG annually.
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The suggested $10-billion floating Ksi Lisims LNG plant will be able to export 12 million metric tonnes of LNG annually from its site located 80 kilometres north of Prince Rupert in Nisga'a Nation land.
Ksi Lisims LNG is being created in collaboration with the Nisga'a Nation, Rockies LNG Ltd. Collaboration and Western LNG. Records indicate that the project's facilities will be built, owned, and managed by fully owned subsidiaries of Western LNG, located in Houston, Texas.
At the meeting of western premiers in Kananaskis, Alta., B.C. Premier David Eby expressed his satisfaction with the agreement.
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An essential aspect of reaching a final investment decision involves obtaining offtake agreements — these are commitments to purchase the LNG from the facility.