Project hailed as a benchmark for economic reconciliation
The Haisla Nation and Pembina Pipeline Corporation have given a green light for the Cedar LNG Project in Kitimat. The final investment decision , announced on June 26, clears the last major hurdle for the construction of the $3.4 billion USD floating LNG facility.
The project has already secured all major regulatory approvals and has an agreement with the Coastal GasLink Pipeline to deliver 400 million cubic feet of natural gas per day for liquefaction, translating to an export capacity of about 6 million tonnes of LNG per year. Cedar LNG estimates that the facility will be in service by late 2028.
The project will create about 500 jobs during peak construction and around 100 full-time positions during operation.
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