Nov 5 (Reuters) - Canadian oil and gas company Pembina
Pipeline ( PBA ) said on Wednesday it will supply 1.0 million
tons per annum of liquefied natural gas to Malaysia's PETRONAS
for 20 years from its Cedar LNG project.
The deal marks a key milestone for the $4 billion Cedar LNG
project and strengthens Canada's push to become a global LNG
supplier to Asia.
The company said it will give PETRONAS access to an
additional natural gas export outlet for its Canadian upstream
investment, while providing Pembina with a stable, long-term
revenue stream.
Cedar, a joint venture between the Indigenous community
Haisla First Nation and Pembina, would produce 3.3 million tons
per annum after completion in 2028.
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.