Pembina Pipeline and Haisla Nation Approve $3.4 Billion Cedar LNG Project in Kitimat
Pembina Pipeline and Haisla Nation Approve $3.4 Billion Cedar LNG Project in Kitimat
Pembina Pipeline and Haisla Nation Approve $3.4 Billion Cedar LNG Project in Kitimat
News summary

Pembina Pipeline Corporation and the Haisla Nation have approved the Cedar LNG Project, a $3.4 billion floating liquefied natural gas facility in Kitimat, British Columbia. The facility, which will be powered by renewable electricity from BC Hydro, aims to be one of the lowest-emitting LNG plants globally. The Haisla Nation holds a 50.1% stake in the project, which exemplifies economic reconciliation and sustainable development. The project is expected to generate significant employment, with up to 500 construction jobs and 100 permanent positions. Financing includes 60% debt and 40% equity contributions, with major approvals and an agreement with Coastal GasLink Pipeline already secured. The Cedar LNG facility is expected to start operations by late 2028, enhancing access to global markets and promoting economic independence for the Haisla Nation.

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