ClaimOutcome
Every signed LNG sales contract we found is for markets outside the US: BP (Woodfibre LNG), ExxonMobil's Asia-Pacific unit (Cedar LNG), and Shell, TotalEnergies and Uniper (Ksi Lisims, which has no final investment decision yet). SEFE's and Santos's deals with Ksi Lisims are non-binding.
The evidence it rests on
Supports (4)
- ARC Resources agrees to sell all its Cedar LNG output (about 1.5 million tonnes a year) to ExxonMobil LNG Asia Pacific at international LNG prices
Binding sale to ExxonMobil LNG Asia Pacific.
Documented by: ARC Resources, “ARC Resources Ltd. announces long-term sale and purchase agreement with ExxonMobil” (external site), . and 1 more
- Shell signs a 20-year agreement to buy 2 million tonnes a year of LNG from Ksi Lisims LNG, the project's first offtake deal
Shell's 20-year agreement for 2 million tonnes a year is a signed sales contract at Ksi Lisims with a non-US buyer.
Documented by: Ksi Lisims LNG, “Ksi Lisims LNG and Shell finalize Sale and Purchase Agreement” (external site), .
- TotalEnergies signs a 20-year agreement to buy 2 million tonnes a year of LNG from Ksi Lisims LNG and takes 5% of developer Western LNG
TotalEnergies' 20-year agreement for 2 million tonnes a year is a signed sales contract with a non-US buyer, conditional on the project's investment decision.
Documented by: TotalEnergies, “Canada: TotalEnergies Signs an Agreement to Export 2 Mtpa of LNG for 20 years from the Ksi Lisims LNG Project” (external site), . and 2 more
- Uniper signs a binding agreement to buy 2 Mtpa of LNG from Ksi Lisims for up to 20 years, with first deliveries expected in 2032
A binding sales contract with a European buyer, signed for a project that has not yet made its final investment decision.
Documented by: Major Projects Office, “Ksi Lisims LNG - Major Projects Office” (external site). and 3 more
Complicates (1)
- Blackstone anchors a US$150M private placement in Ksi Lisims developer Western LNG, with rights to invest equity at the final investment decision
US investment firms (Blackstone, Stonepeak) hold rights to invest in Ksi Lisims at its investment decision, so US capital gains a stake in the supply even though the buyers are outside the US.
Documented by: Western LNG, “Significant investment in Western LNG funds Ksi Lisims LNG and PRGT projects to FID” (external site), . and 1 more
Context (2)
- Germany's SEFE agrees to buy 1 Mtpa of LNG from Ksi Lisims for up to 20 years, subject to a final sales contract (non-binding)
SEFE's deal depends on a final sales and purchase agreement, so it is non-binding and is not counted as a signed sale.
Documented by: Major Projects Office, “Ksi Lisims LNG - Major Projects Office” (external site). and 1 more
- Santos signs a non-binding heads of agreement to buy 1 million tonnes a year of LNG from Ksi Lisims LNG for 20 years
Santos's deal is a heads of agreement, not yet a binding sales contract.
Documented by: BOE Report, “Ksi Lisims LNG signs 20-year LNG supply agreement with Australia's Santos” (external site), . and 1 more
Claims are weighed by the evidence under them, actions first. Method.