Canada has moved closer to unlocking a new Pacific Coast crude outlet from Alberta while fast-tracking British Columbia LNG projects with the aim of tripping LNG production and export beyond 2030.

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Pembina Pipeline Corp has signed a 12-year LNG offtake agreement with Ovintiv for 0.5 mtpa from the planned Cedar LNG project. The deal completes the remarketing of Pembina’s 1.5 mtpa of capacity at the floating LNG export terminal in Kitimat, British Columbia.

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US energy regulators have completed the Final Environmental Impact Statement (EIS) for the proposed Jordan Cove liquefied natural project being developed by Pembina Pipeline Corp. of Canada at Coos Bay in the northwest state of Oregon.

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Pembina Pipeline Corp. of Canada said it was still on track to develop the Jordan Cove LNG export project at Coos Bay in the northwest state of Oregon as it reported an increase in profits while seeking to boost future earnings with the acquisition of a major Canada-US pipeline from Kinder Morgan.

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Canadian company Pembina Pipeline Corp. reported a 10 percent rise in profits as it forecast a bright future in developing more natural gas infrastructure and the Jordan Cove LNG project in the US state of Oregon.

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