ProjectLNGGoes tidewater
Cedar LNG
Floating LNG export facility near Kitimat, BC, with capacity of 3.3 million tonnes a year, majority-owned by the Haisla Nation with Pembina Pipeline; the estimated cost is US$4 billion and the final investment decision was taken on June 25, 2024. The floating unit was more than half built by mid-2026, and start-up is expected in late 2028. ARC Resources has contracted about 1.5 million tonnes a year of the capacity and sold all of it to ExxonMobil LNG Asia Pacific at international prices, a deal ExxonMobil said gives it access to Asian markets; Shell completed its purchase of ARC on September 2, 2026.
- Status
- Under construction
- Direction
- Tidewater: Reaches a coast, so Canada can sell to buyers other than the US.
- Capacity
- 3.3 Mtpa
- Where
- British Columbia
- Investment decision
- 2024
- In service
- 2028
- Needs new laws?
- No: can proceed under existing rules
Articles that cite this record
Owners
- Pembina Pipeline (49.9%) as of 25 June 2024
Pembina Pipeline Corporation, “Cedar LNG Announces Positive Final Investment Decision” (external site), . source record
- Haisla Nation (50.1%) as of 25 June 2024
Pembina Pipeline Corporation, “Cedar LNG Announces Positive Final Investment Decision” (external site), . source record
Events
- Shell completes its acquisition of ARC Resources, the Montney producer that holds capacity at Cedar LNG
- Carney and Eby sign the Canada–British Columbia Cooperative Prosperity Agreement in Vancouver
- Ovintiv (US) signs a 12-year deal for 0.5 million tonnes a year of Pembina's capacity at Haisla-majority-owned Cedar LNG
- ARC Resources agrees to sell all its Cedar LNG output (about 1.5 million tonnes a year) to ExxonMobil LNG Asia Pacific at international LNG prices