Germany’s SEFE firms up two-decade-long offtake deal with Canadian LNG project

In a move that deepens transatlantic energy ties and strengthens European security of supply amid a shifting global energy landscape, Germany’s Securing Energy for Europe (SEFE) has struck its first Canadian multi-year liquefied natural gas (LNG) deal to enable supplies from an LNG project, being developed on Canada’s northwest coast to export lower-carbon LNG to markets in Asia.

The Nisga’a Nation-backed Ksi Lisims LNG project is moving closer to its construction phase after securing a binding sale and purchase agreement (SPA) to supply German state-backed energy firm SEFE with one million tonnes per annum (mtpa) of LNG on a free-on-board (FOB) basis, with the European firm signing on for two decades of low-carbon exports starting in the early 2030s.

Frédéric Barnaud, SEFE’s CCO, underlined: “This agreement is an important step in further diversifying SEFE’s global LNG portfolio and securing reliable long-term energy supplies for our customers. Together with Ksi Lisims, we will help strengthen energy security while advancing the transition to a more sustainable energy system.”

This is SEFE’s first agreement with a Canadian LNG supplier. The SPA follows a heads of agreement (HOA) inked in May 2026. Ksi Lisims LNG now has binding contracts for 7 mtpa of its 12 mtpa capacity and preliminary agreements for an additional 2 mtpa.

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