02:55 PM EDT, 05/26/2026 (MT Newswires) -- Canada will sign a large-scale LNG agreement with Germany's SEFE for liquefied natural gas from the Ksi Lisims planned export facility on the coast of British Columbia, according to an industry source, Reuters is reporting Tuesday.

The agreement, to be announced Wednesday in Vancouver by Natural Resources Minister Tim Hodgson, comes as Ksi Lisims' backers have been working to finalize contracts with purchasers before making an expected final investment decision this year, the report noted.

Ksi Lisims, SEFE and Canada's natural resources ministry declined to comment.

Bloomberg first reported the plans, while Shell and TotalEnergies have already signed 20-year LNG purchase agreements with Ksi Lisims, the report noted.

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