Ksi Lisims LNG Project Awaits Final Investment Decision; Indigenous Partnership Lacks Equity Stake
Ksi Lisims LNG, off the Nass River in British Columbia, awaits a final investment decision from private sector owners. The project, aimed to produce 12 million tonnes of LNG annually, has received regulatory approvals. While promoted as Indigenous-led, it is fully owned by American company Western LNG, which is backed by private equity firms. The Nisga'a Nation, despite being partners, holds no equity in the LNG facility. The project aims to employ 800 at peak construction and 200 permanently.

Ksi Lisims LNG, located off a small island at the mouth of the Nass River, is awaiting a final investment decision from its private sector owners. The project is set to produce 12 million tonnes of LNG annually and has received necessary regulatory approvals, including from the BC and federal government.
The facility will be built partially in South Korea and towed to the site. Although marketed as an Indigenous-led initiative, it is 100% owned by Western LNG, supported by American private equity firms.
The Nisga'a Nation will act as landlords without an equity stake in the project, raising concerns about their financial involvement. The project aims to create 800 jobs during construction and 200 permanent positions.




Comments