May 27 (LNGJ) - Pembina Pipeline Corp. of Canada has agreed to issue $500 million of senior unsecured medium-term notes in relation to the Cochin Pipeline system and as it pursues development projects such as the Jordan Cove LNG export project in the northwest US state of Oregon.
“Closing of the offering is expected to occur on May 28, 2020 and the net proceeds are intended to be used to repay indebtedness of the company,” said Pembina. US regulators had voted 2-1 in favour of Pembina’s Jordan Cove LNG project in March 2020, despite the Oregon Department of Environmental Quality denying a water quality certification.
