The Cedar LNG project is a floating liquefied natural gas (FLNG) facility with a nameplate capacity of 3.3 million tonnes per annum, located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

It is led by Haisla Nation and Pembina Pipeline Corporation.

It achieved FID in June 2024 and it is expected to be funded with asset-level debt financing for approximately 60 percent of the cost. As of June 2024, it had secured a construction term loan with a syndicate of banks. The remaining approximately 40 percent of the costs of the Project are expected to be financed through equity contributions from both partners.

The Haisla Nation has obtained committed capital through the First Nations Finance Authority to fund their 20 percent equity contribution to the Project. Pembina continues to anticipate its equity contribution will be funded from cash flow from operating activities.

Prior to FID, Pembina was required to provide financial assurances to advance Project-related upstream infrastructure projects. Following the positive FID, the required financial assurances will be transferred to Cedar LNG. Cedar LNG has secured a letter of credit facility for the ongoing funding of the required financial assurances.

In June 2021, Pembina Pipeline Corporation acquired a 50% stake from Pacific Traverse Energy and Delfin Midstream. Delfin Midstream continued as a technical advisor to the project.

The facility is powered by renewable electricity from BC Hydro.