Pembina

Lower Natural Gas Prices, Rising Demand Fueling Uptick in International LNG Projects, Chart CEO Says

Lower Natural Gas Prices, Rising Demand Fueling Uptick in International LNG Projects, Chart CEO Says

While regulatory uncertainty has clouded the outlook for large U.S. export projects, Chart Industries Inc. reported lower global prices and a continued rise in demand is driving an uptick in international LNG and natural gas projects this year. Management of the Atlanta-based specialty equipment manufacturer told analysts during a recent 1Q2024 call that liquefied natural…

May 9, 2024
Cedar LNG Eyes Summer FID After Landing Tolling Deal with Arc Resources

Cedar LNG Eyes Summer FID After Landing Tolling Deal with Arc Resources

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,…

April 5, 2024
Enbridge Touts U.S. Utility Expansion, Long-Term Natural Gas Export Strength

Enbridge Touts U.S. Utility Expansion, Long-Term Natural Gas Export Strength

Enbridge Inc. heralded the more than $20 billion of acquisitions it announced in 2023, including a string of deals to transform its natural gas utility operations in the Lower 48. The utilities would boost Enbridge’s Lower 48 customer base to 7 million and position it for long-term growth following the surge in fourth-quarter and full-year…

February 12, 2024
Calgary’s Pembina Pipeline Eyeing Cedar LNG FID by Third Quarter

Calgary’s Pembina Pipeline Eyeing Cedar LNG FID by Third Quarter

Pembina Pipeline Corp. is aiming to sanction the Cedar LNG export project proposed for Kitimat, British Columbia (BC), by the third quarter of this year, according to management. Calgary-based Pembina, a natural gas and liquids midstream player with assets mainly in Western Canada, is developing the 3 million metric tons/year liquefied natural gas project in…

February 28, 2023
Pembina Eyes Canada LNG, Montney for Future Growth

Pembina Eyes Canada LNG, Montney for Future Growth

 Pembina Pipeline Corp. management predicted “meaningful” growth after robust second quarter activity and advancement of some key infrastructure projects. CEO Scott Burrows said the second quarter was an indicator of the upward trajectory for the company, supported by growth in natural gas liquid volumes “across many of Pembina’s systems.” Support for Canadian LNG projects also…

August 8, 2022
Pembina Says Montney Shale Liquids, Natural Gas in High Demand

Pembina Says Montney Shale Liquids, Natural Gas in High Demand

Rising prices and producer demand for delivery service in the gassy Montney Shale of northern Alberta and British Columbia (BC) ignited a “tremendous start” to the year for Pembina Pipeline Corp., management said.  The Calgary operator, which reports in Canadian dollars (C$1.00/US 80 cents) said highlights of the first quarter included relaunching construction of the…

May 11, 2022
Pembina Pipeline Sees Improving Fortunes with Progress on Cedar LNG, Other Factors

Pembina Pipeline Sees Improving Fortunes with Progress on Cedar LNG, Other Factors

Plans for the Cedar liquefied natural gas (LNG) project in British Columbia, rising oil and natural gas prices, firming producer demand for deliveries, and other factors signal improved fortunes for Pembina Pipeline Corp., according to management. The Calgary-based company is “working very diligently” on its front end engineering and design work for Cedar LNG with…

March 1, 2022
Pembina, TC Energy Launch Alberta Carbon Grid to Capture, Store Pipeline Emissions

Pembina, TC Energy Launch Alberta Carbon Grid to Capture, Store Pipeline Emissions

Canada oil and gas infrastructure giants Pembina Pipeline Corp. and TC Energy Corp. on Thursday agreed to partner in the Alberta Carbon Grid (ACG) to create a commercial pathway to  reduce and store greenhouse gases. The Calgary-based pipeline companies proposed building a northern pipeline network and storage hub capable of collecting and disposing of up…

June 17, 2021
BC’s Cedar LNG Export Project Gains Pembina as Joint Partner

BC’s Cedar LNG Export Project Gains Pembina as Joint Partner

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…

June 8, 2021
Pembina Sees Natural Gas, Oil, NGL Export Projects Driving Upstream Growth in Western Canada

Pembina Sees Natural Gas, Oil, NGL Export Projects Driving Upstream Growth in Western Canada

Western Canada-focused Pembina Pipeline Corp. painted a rosy outlook in its first quarter earnings report for a Canadian industry-wide recovery amid improving commodity prices, with volumes from the Montney Shale and the Duvernay formation expected to grow. “Over the past few quarters, across both the pipelines and facilities divisions, we have seen steady increases in…

May 12, 2021
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