04:36 PM EDT, 06/13/2024 (MT Newswires) -- Pembina Pipeline ( PBA ) is expected to make its final investment decision for the Cedar LNG export facility project in British Columbia within the next two weeks, Bloomberg reported late Wednesday, citing people familiar with the matter.

The report largely matches the timetable presented in May by Cedar LNG, which expected a final investment decision by mid-year.

Roughly 60% of the $4 billion project would be financed with debt, with the Haisla First Nation and Pembina splitting the 40% equity contribution, Cedar LNG told Bloomberg.

Representatives for Pembina Pipeline ( PBA ), the Haisla Nation and Cedar LNG did not immediately return messages from MT Newswires seeking comment on Thursday.

Cedar LNG previously said it issued a notice-to-proceed to engineering, procurement and construction contractors after signing a fixed toll agreement with ARC Resources for 1.5 million tonnes per year of natural gas and an identical bridging agreement with Pembina.

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