Cedar LNG Announces FID for Hydro-Powered Floating LNG Project

In Canada, Cedar LNG, a partnership between the Haisla Nation and Pembina Pipeline Corporation, announced FID is a go for their 3.3 million tonnes per annum floating LNG facility. Located in the traditional territory of the Haisla Nation, the facility will be the world’s first Indigenous majority-owned, hydro-powered LNG project.

Powered by renewable electricity from BC Hydro, Cedar LNG will be one of the lowest-emitting LNG facilities globally. “Today, the Haisla Nation, with our partner Pembina, have made history as the world’s first Indigenous community to develop an LNG facility as majority owners,” said Crystal Smith, Chief Councillor of the Haisla Nation.

The project, expected to be operational by late 2028, will be funded through a combination of asset-level debt and equity contributions from both partners. Cedar LNG will create significant economic benefits, including up to 500 construction jobs and 100 full-time operational positions, promoting economic reconciliation and sustainability.

Scott Burrows, CEO of Pembina, emphasized the project’s alignment with global energy security and sustainability goals. The facility will enhance Pembina’s business resilience and provide new market access for Canadian natural gas, contributing to a cleaner energy future.

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