Pembina Pipeline Corp. and its project partners in the Cedar LNG export project in British Columbia (BC) disclosed that they have given a notice to proceed to their contractors and are working on the final financial arrangements after securing binding offtake agreements for the project.

Arc Resources Ltd., one of Canada’s largest natural gas producers, has agreed to a 20-year tolling agreement with the Cedar LNG partnership for 1.5 million metric tons/year (mmty) in capacity. Calgary-based Pembina is developing the 3.3 mmty capacity floating liquefied natural gas project in BC in partnership with the Haisla First Nation.

Pembina disclosed it has also executed its own identical sales and purchase agreement (SPA) for 1.5 mmty of the capacity at Cedar LNG, allowing the partners...