March 11 (Reuters) - ARC Resources ( AETUF ) said on

Tuesday it had entered into a long-term liquefied natural gas

supply agreement with a unit of Exxon Mobil ( XOM ).

Global LNG demand has risen in recent years amid a shift

toward cleaner energy, with the U.S. emerging as a major

supplier to both Europe and Asia.

ExxonMobil LNG Asia Pacific will purchase all of ARC's LNG

offtake from the Cedar LNG project, representing about 1.5

million tonnes per annum (mtpa), at international LNG pricing,

ARC said.

The Cedar LNG project, a partnership between the Haisla

Nation and Pembina Pipeline ( PBA ) located on Canada's West

Coast, is expected to commence commercial operations later in

2028 and will have a capacity of 3.3 million tonnes per annum

(mtpa).

Last year, oil and gas transportation firm Pembina Pipeline ( PBA )

said it, along with Haisla Nation, has decided to go ahead with

the construction of the $4 billion project.

In 2023, ARC signed a 20-year agreement to supply and

liquefy natural gas with Cedar LNG. It planned to supply about

200 million cubic feet per day (MMcfpd) of natural gas with the

project, resulting in the equivalent of 1.5 mtpa of LNG.

"This agreement provides ExxonMobil ( XOM ) with advantaged access

to Asian LNG markets by establishing ExxonMobil's ( XOM ) first

long-term offtake position on Canada's Pacific Coast," said

Andrew Barry, vice president of global LNG marketing, ExxonMobil

Asia Pacific Pte Ltd.