Pipelines owner and LNG developer Pembina Pipeline to merge Western Canada assets with US fund KKR
Pembina Pipeline Corp., the Canadian pipelines company and joint owner of the Cedar floating liquefied natural gas project, has entered into definitive agreements valued at around US$9 billion with US investment giant Kohlberg Kravis Roberts (KKR) to combine their respective Western Canada natural gas processing assets into a single joint venture entity.
Cedar LNG project in British Columbia run by Haisla First Nation moves into serious permitting phase
The Impact Assessment Agency of Canada is making available funds for the public and Indigenous groups participating in the permit process for the proposed Cedar LNG Project, a floating production facility and affiliated infrastructure proposed for near Kitimat in British Columbia.
“The project is subject to the federal Impact Assessment Act and British Columbia's Environmental Assessment Act and is undergoing a substituted review process,” said the IAAC in a statement.
This means the Government of British Columbia is conducting the impact assessment on behalf of the Agency and providing a single assessment process that meets the requirements of both the provincial and federal governments.
Cedar LNG Partners, which is a company led by the Haisla First Nation whose traditional territories are around Kitimat, is proposing the FLNG venture with an annual capacity of up to 4 million tonnes per annum of LNG.
The proposed project would have a lifespan of at least 25 years.
Cedar LNG Partners had previously been known as Cedar LNG Export Development Ltd.
The Haisla Nation-owned project is a partnership with Pembina Pipeline Corp., the Canadian pipelines and terminals company.
It will be the largest First Nation-owned infrastructure project in Canada, creating jobs, contracting and other economic opportunities for the Haisla Nation, the community of Kitimat, neighbouring Indigenous Nations and the local region.
Eligible
“Funding is available for eligible individuals and groups to assist their participation in the upcoming steps of the project's assessment, which include reviewing and providing comments,” said the Agency.
“Applications received by February 25, 2022, will be considered,” it added.
The Cedar LNG plant will be powered by electricity from BC Hydro, the provincial hydro-electric company, the project noted in its latest newsletter.
“It will be one of the lowest carbon intensity LNG facilities in the world,” said the company.
“The project will use Canada’s rich natural gas supply and BC’s growing pipeline infrastructure to produce low-carbon, low-cost Canadian LNG Asia-Pacific markets,” added Cedar LNG.
Over the last several months, the Cedar project team has had the opportunity to meet with local municipal governments and stakeholders from across the Kitimat and Terrace region.
“Outreach will continue with stakeholder engagement sessions through the winter,” said the company.
Consultations in the region will include community open houses planned by Cedar LNG for March.
Canadian firm Tourmaline seals US$900M takeover in Montney Shale basin and sees more LNG prospects
Tourmaline Oil Corp., the Canadian oil and gas company, has agreed a C$1.1 billion (US$904.4 million) deal to purchase Black Swan Energy and boost its assets in the Montney Shale basin, where producers in northeast British Columbia have been heartened by two LNG export projects advancing to ship cargoes to Asia from the Kitimat area.
