Pembina Signs Petronas for Cedar LNG Capacity

SECAUCUS, NJ (DTN) – Canada’s Pembina Pipeline Corporation announced Wednesday (11/05) it has signed a 20-year agreement to provide Malaysian oil and gas firm Petronas with 1 million tonnes per annum (mtpa) of transportation and liquefaction capacity at the Cedar LNG liquefaction plant in British Columbia.

The agreement follows a 20-year service pact for 1.5 mtpa signed by Pembina in June to support Cedar LNG’s final investment decision.

The deal with Petronas marks the first step in Pembina’s remarketing efforts for that capacity, the two companies said in a joint statement.

Pembina expects to reach definitive agreements for the remaining 0.5 mtpa by the end of 2025, the statement added.

The $4 billion Cedar LNG project, a partnership between the Haisla Nation and Pembina, is expected to enter into service in late 2028.