Cedar LNG reveals estimated capital cost at $4.6 billion
Developers of the Cedar LNG have marked a critical milestone with the signing of long-term natural gas offtake agreements and a notice to proceed with engineering, procurement, and construction contracts.
The Cedar LNG project in Kitimat is being developed by the Haisla First Nation and Pembina Pipleine Corp. . ARC Resources Ltd. will supply Cedar LNG with 200 million cubic feet per day of natural gas for a 20-year period. The agreement is contingent on a final investment decision being made.“Pembina intends to assign its capacity to a third-party following a positive FID, with commercial offtake discussions continuing with multiple other customers,” Pembina said in a news release.
“I am incredibly grateful to our Nation, all levels of government, Pembina and all our partners who have supported our journey to advance a project that protects our environmental and cultural values, while delivering prosperity for decades to come.”
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