Growth prospects firmed up for liquefied natural gas (LNG) exports from British Columbia (BC) on Tuesday as Calgary-based Pembina Pipeline Corp. agreed to buy a half-stake in Cedar LNG.

Pembina agreed to take 50% ownership and an operator role in Cedar, crafted by the Haisla Nation. The initial commitment is C$112.5 million ($90 million) to cover initial planning and regulatory costs. Pembina is acquiring stakes owned by PTE Cedar LP and Delfin Midstream Inc.

The estimated C$3 billion ($2.4 billion) proposal, under review by the BC Environmental Assessment Office, calls for exporting 400 MMcf/d from a floating plant near the LNG Canada terminal underway in Kitimat.

“We believe environmental stewardship,Indigenous prosperity and inclusion, and mutual economic benefit are the...