Cedar LNG partner signs major commercial deal for $4 billion Kitimat project

The minority partner in the $4 billion Cedar LNG project under development near Kitimat has signed a major commercial deal to use the plant’s capacity just as its owners are seeking permission to increase its output.

Calgary-headquartered Pembina Pipeline Corp., which owns 49.9 per cent of the Haisla-Nation led LNG proposal, said it reached a 20-year agreement with Malaysian state-owned firm Petronas for one million tonnes of LNG output per year of the plant’s three-million tonnes per year capacity.

Terms of the deal will see Pembina provide another export outlet for the natural gas produced by Petronas’ Canadian subsidiary in B.C.’s northeast and earn a stable, long-term revenue stream for the Cedar LNG project.

“This agreemen

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