Pembina Pipeline Corp. increases Cedar LNG project cost to $3.4B, targeting a mid-year final investment decision.

Pembina Pipeline Corp.'s Cedar LNG project costs have risen to $3.4 billion, up from a previous estimate of $2.4 billion. The company is working towards a final investment decision by mid-year. Cedar LNG is one of four major gas-export projects in Canada's Pacific Coast, with the Shell-led LNG Canada set to begin operation next year. Pembina expects Cedar LNG to provide it with $200-$260 million in earnings before interest, taxes, depreciation, and amortization annually.

April 04, 2024
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