May 16 (Reuters) - Pembina Pipeline Corp ( PBA ) said
on Thursday progress on its proposed $4 billion Cedar project
remains on track and a final investment decision (FID) is
expected in June on what would be one of Canada's first
liquefied natural gas export terminals.
Cedar, a joint venture between indigenous community Haisla
First Nation and Pembina, would produce 3.3 million tons of
liquefied natural gas (LNG) per annum after completion in 2028.
"We do have all key regulatory permits. Cedar financing has
been launched and is on target for that FID timing...We have
very well defined plans that have been completed and the
successful execution of cedar LNG is well on its way," Senior
Vice President and Corporate Development Officer Stuart Taylor
said.
Reuters reported earlier this month that Pembina was in
discussions with China's Sinopec about an offtake agreement from
the Cedar LNG project, located in Kitimat, British Columbia.
Canada is the world's sixth-largest natural gas producer,
but has been slow in building a strong LNG export industry
compared to other major gas-producing nations.
(Reporting by Nia Williams in British Columbia and Mrinalika
Roy in Bengaluru; Editing by Shinjini Ganguli)