Pembina Pipeline Corp T.PPL.PR.C

Pembina Pipeline Corporation Announce Significant Milestones

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April 04, 2024 05:00 PM Eastern Daylight Time

CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) with its partner the Haisla Nation are pleased to announce the significant progress achieved on the proposed Cedar LNG project (the "Project"), including securing long-term commercial offtake support and issuing a Notice to Proceed ("NTP") to Samsung Heavy Industries and Black & Veatch (collectively the "EPC contractors"). These critical milestones allow Cedar LNG to initiate the project financing process and the Haisla Nation to commence a process to support its equity contributions in advance of a final investment decision ("FID"), expected by the middle of 2024.

Pembina Pipeline Corporation Announces Significant Milestones Achieved on Cedar LNG | Business Wire