07:30 AM EST, 11/05/2025 (MT Newswires) -- Pembina Pipeline ( PBA ) said Wednesday that it signed a 20-year agreement to provide transportation and liquefaction capacity of 1.0 million tonnes per annum at the Cedar LNG facility in British Columbia to Malaysia's Petroliam Nasional Berhad (Petronas).

The agreement enables Petronas to access an additional natural gas export outlet for its Canadian upstream investment, while providing Pembina with a stable long-term, take-or-pay revenue stream, Pembina said.

"This agreement further validates Cedar LNG and highlights the strong demand for global export capacity given the clear advantages of Canadian West Coast LNG, including competitively priced feedstock and advantaged shipping distances to Asian markets," said Stu Taylor, Pembina's senior vice president and corporate development officer.

Pembina previously signed a 20-year take-or-pay liquefaction tolling service agreement for 1.5 mtpa of LNG to support the final investment decision on Cedar LNG in June 2024.

Pembina expects to reach definitive agreements for the remaining 500,000 tpa of capacity by the end of 2025.

Pembina said the US$4 billion Cedar LNG project remains on time and on budget, with an expected in-service date in late 2028.