2. Green Light for Cedar LNG
Rendering courtesy Cedar LNG
Owners of the world’s first Indigenous-led LNG project – a floating terminal at Kitimat, B.C. –plan to make the final decision to proceed within the next three months.
Cedar LNG, owned jointly by the Haisla Nation and Pembina Pipeline Corporation, would have capacity to export three million tonnes of LNG per year, primarily to Asian markets.
With emissions intensity of 0.08 tonnes of CO2 equivalent per tonne of LNG, it would be one of the lowest carbon footprint LNG projects in the world.
In early January, the partners reached the critical milestone of selecting the primary contractors to engineer, build and deliver the floating LNG unit.
A final investment decision is now expected in the first quarter of 2024.