Pembina Pipeline Corp and the Haisla Nation have reached a final investment decision (FID) to proceed with development of the 3.3 million tonnes/year (tpy) Cedar LNG project on Canada’s West Coast.
The $4-billion project is a proposed floating LNG (FLNG) plant in Kitimat, BC, within the traditional territory of the Haisla Nation expected to source Western Canadian Sedimentary basin natural gas from the Montney shale.
Under a long-term transportation agreement Cedar LNG will receive 400 MMcfd of Canadian natural gas via TC Energy Corp.’s 2.1-bcfd Coastal GasLink (CGL) pipeline. In-service is expected in late 2028.
Cedar LNG made design decisions to minimize the project’s environmental footprint and ensure it is one of the lowest-emitting LNG plants. One was to power the plant with renewable electricity from BC Hydro.
The FLNG plant is being designed and constructed by Samsung Heavy Industries and Black & Veatch. The companies were given notice to proceed in April.
At that time, Cedar LNG—majority owned by the Haisla Nation with 50.1% interest with Pembina holding the remainder—noted signed 20-year take-or-pay liquefaction tolling services agreements with ARC Resources Ltd. and Pembina for 1.5 million tpy each.
Source: OGJ.com
