Pembina, Haisla First Nation give green light to proposed US$4B LNG project [Financial Post (Toronto, Ontario, Canada)]
Pembina Pipeline Corp. Ordinary Shares (Canada) (PBA)
Last pembina pipeline corp. ordinary shares (canada) earnings: 2/27 05:44 pm
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Source: Financial Post
CALGARY — Canada is set to have another liquefied natural gas export terminal as project proponents have green-lit the majority Indigenous-owned US$4-billion Cedar LNG facility. Calgary-based pipeline company Pembina Pipeline Corp and the Haisla First Nation said Tuesday they have made a positive final investment decision on the project, which will involve the construction of a floating liquefied natural gas (LNG) terminal near Kitimat, B.C. Article content The partners said they have received “strong support from domestic and international capital providers” for the financing of the project, which is expected to be in service in late 2028. Cedar LNG will use natural gas from Western Canada to produce LNG for export to Asian markets, with a capacity of 3.3 million tonnes per year. While a positive final investment decision had been broadly expected in the wake of recent positive statements by project proponents, the formal go-ahead Tuesday comes as a major vote of confidenc
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