June 26, 2024
Pembina Pipeline (TSX:PPL) and the Haisla Nation have revealed a positive final investment decision on the Cedar LNG project in British Columbia.
In a news release, the company stated the project will be built by the Haisla Nation, which owns 50.1 per cent of the project, and Pembina Pipeline which owns 49.9 per cent.
This marks the first Indigenous-owned LNG project in the world, which is a floating liquefied natural gas facility with the potential to produce 3.3 million tons per year in the traditional territory of the Haisla Nation on the west coast of Canada.