LNG

May 5 (LNGJ) - Pembina Pipeline Corp., the Canadian shareholder in the Cedar floating LNG joint venture with the Haisla First Nation being developed on the Douglas Channel near Kitimat in British Columbia, reported lower quarterly earnings of C$369 million (US$272M), down from C$481M in the same three months of 2022.

   Pembina noted that during the quarter, the Cedar LNG project received its BC Environmental Assessment Certificate and a positive Decision Statement from the Federal Minister of Environment and Climate Change. “Cedar LNG, a 3 million tonne per annum facility, is strategically positioned to leverage Canada's abundant natural gas supply and BC’s growing LNG infrastructure to produce industry-leading low-carbon, cost-competitive Canadian LNG for overseas markets,” Pembina said in its earnings statement.

Canadian Pembina Pipeline Corp. said it anticipated a final decision from the US Federal Energy Regulatory Commission on developing its Jordan Cove LNG export plant in the northwest US state of Oregon within a year as company earnings jumped.