The Financial Post reports in its Tuesday, June 2, edition that the Ksi Lisims liquefied natural gas project signed its first agreement with a German state-owned gas utility, marking a significant step for the British Columbia development. A Postmedia dispatch to the Post reports that European customers will likely not take direct delivery of LNG but will use it for trading with Asian importers, reflecting growing interest in securing stable supplies. "What has opened up, what has changed for us, is maybe not the agreement itself, but the conditions that we're operating in," said Ksi Lisims spokesman Rebecca Scott. She said those conditions, starting with the war in Ukraine that first cut off natural gas supplies to Europe, and continuing with the United States-Israeli conflict with Iran that has shut off LNG from the Middle East, have "created this environment of a new emphasis on the need for energy security." Ksi Lisims and the utility Securing Energy For Europe signed an agreement that will see them negotiate terms for sales of up to one million tonnes per year of LNG from a yet-to-be-built terminal over a 20-year term, starting in the early 2030s.