Pembina Pipeline will become the Haisla Nation’s partner in the development of the proposed Cedar LNG Project.
The Project is strategically positioned to leverage Canada’s abundant natural gas supply and British Columbia’s growing LNG infrastructure to produce low–carbon, low-cost Canadian LNG for overseas markets. Cedar LNG will be the largest First Nation-owned infrastructure project in Canada.
“It was important for us to find a partner with the same values of environmental protection and community-centered development,” said Crystal Smith, Haisla Nation chief councilor. “Pembina’s long history of safe, reliable operations, and engagement with local communities made them the distinct choice for Cedar LNG. With a strong partnership, Cedar LNG will bring tremendous economic opportunities and benefits ensuring the Haisla people have control of our own future.”
Under the agreement, Pembina will acquire the equity interests in Cedar LNG currently owned by PTE Cedar and Delfin Midstream, with a resulting ownership of 50% each between the Haisla Nation and Pembina. Further, Pembina will assume operatorship of the project going forward and has assembled accordingly a floating LNG team.
Pembina expects to invest approximately $90m in Cedar LNG over the next 24 months.
Cedar LNG is a proposed floating LNG facility in Kitimat, British Columbia, within the traditional territory of the Haisla Nation. The project is located on Haisla Nation-owned land in the Douglas Channel, one of the principal shipping routes on the British Columbia coast. The project will create jobs, contracting and other economic opportunities for the Haisla people, the local community and Indigenous Nations, and the region. Up to 500 people will be working at the Cedar LNG site at the peak of construction and approximately 100 people will be working at the facility full-time once operational.
For more information visit: www.cedarlng.com
