An Update From Haisla Nation and Pembina Pipeline

August 3, 2023 – Cedar LNG elected to progress a second Front End Engineering Design (FEED) process for the floating LNG vessel in late 2022 and has been waiting for that work to progress to the same stage as the original FEED. In conjunction with detailed commercial discussions and ongoing negotiations between LNG Canada and Coastal GasLink, this has resulted in the anticipated final investment decision being revised to the fourth quarter of 2023.

Regulatory and Commercial Update:
On July 6, 2023, Cedar LNG received its LNG Facility Permit from the BC Energy Regulator. This is another major regulatory milestone that follows the receipt of the Environmental Assessment Certificate from the B.C. Environmental Assessment Office, a positive Decision Statement from the federal Minister of Environment and Climate Change, and a pipeline permit for the Cedar LNG Pipeline connection to the Coastal GasLink Pipeline. Collectively, these reflect the key permitting milestones for Cedar LNG.

In addition to the previously disclosed Memorandum of Understanding (MOU) with ARC Resources Limited, Cedar LNG has signed incremental non-binding MOUs with investment grade counterparties for long-term liquefaction services and is fully subscribed in relation to the project’s total capacity. Work towards the signing of definitive commercial agreements is ongoing.

About Cedar LNG
The Cedar LNG Project is a partnership between the Haisla Nation and Pembina Pipeline Corporation to develop a floating liquefied natural gas facility in Kitimat, British Columbia, Canada, within the traditional territory of the Haisla Nation. Strategically positioned to leverage Canada’s abundant natural gas supply and BC’s LNG infrastructure, Cedar LNG will be powered by renewable electricity from BC Hydro, making it one of the lowest carbon intensity LNG facilities in the world.

It has been a busy start to the summer for the Cedar LNG team as we continue to progress the world’s first Indigenous majority-owned LNG facility.

With environmental approvals received in March 2023, our FEED contractors in place, and strategic partnerships with ARC Resources and other offtake suppliers, Cedar LNG is well positioned to meaningfully contribute to the clean energy transition.

Our team attended the LNG2023 Global Conference in Vancouver, where we witnessed first-hand the excitement from across the LNG industry for projects like Cedar LNG. We met with many leaders in the LNG industry and hosted a reception, alongside Haisla Nation’s partners Seaspan and LNG Canada, where the world’s first electric tugboat was unveiled.

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Haisla Nation and Pembina Pipeline are pleased to announce that today, March 15, 2023, Cedar LNG received a positive Decision Statement from the federal Minister of Environment and Climate Change. This decision follows the issuance of a provincial Environmental Assessment Certificate on March 14, 2023. 

Collectively, the Certificate and Decision Statement represent a significant step forward for Cedar LNG. We look forward to working in partnership with neighbouring Indigenous Nations and communities to continue to progress this transformative project towards a positive Final Investment Decision.