Cedar LNG receives B.C. Environmental Approval and indicators MoU

The Haisla Nation and Pembina Pipeline Company, companions within the growth of the proposed Cedar LNG venture, have introduced that Cedar LNG has obtained its Environmental Evaluation Certificates (EAC) from the B.C. Environmental Evaluation Workplace, and has signed a memorandum of understanding (MoU) with ARC Sources Ltd. (ARC) for a long-term liquefaction companies settlement.

Cedar LNG is a proposed floating LNG (FLNG) facility positioned on Haisla Nation-owned land in Kitimat, B.C., Canada, with the capability to export 3 million tpy of LNG. It’s strategically positioned to leverage Canada’s considerable and sustainable pure fuel provide and ship a lower-carbon power choice to international markets.

“The receipt of our EAC is the fruits of greater than a decade of labor by the Haisla Nation and marks a major milestone for the Cedar LNG venture and the Haisla Nation’s journey in the direction of financial self-determination,” stated Crystal Smith, Chief Councillor for Haisla Nation. “With Cedar LNG, we’re setting a brand new commonplace of accountable and sustainable power growth. Along with our accomplice, Pembina, we’re dedicated to advancing an LNG venture that protects the setting, respects Haisla Nation values, and meets the very best requirements of social and environmental duty.”

“Cedar LNG will profit Pembina and its clients, the Haisla Nation, and all of Canada, whereas meaningfully contributing to the transition to a lower-carbon economic system,” said Scott Burrows, Pembina’s President and Chief Government Officer (CEO). “Pembina is pleased with its lengthy historical past of protected and dependable operations, and we sit up for contributing our experience as we work collectively to deliver Canadian LNG to the world.”

Cedar LNG made a number of modern design selections to minimise the venture’s environmental footprint and guarantee it is without doubt one of the lowest-emitting LNG amenities on the earth. One of the crucial vital selections was to energy the power with renewable electrical energy from BC Hydro. As well as, the selection of website location permits the venture to leverage present LNG infrastructure, together with the Coastal GasLink pipeline, with which Cedar LNG has a long-term transportation settlement, a deep-water port, roads, and different infrastructure.

Cedar LNG additionally obtained its first allow from the BC Vitality Regulator for the roughly 8.5 km pipeline that may join the venture into the Coastal GasLink pipeline.

Important to Cedar LNG’s success so far has been the robust assist of neighbouring Nations. Years of collaboration and constructive engagement with these Nations has helped to make sure the venture can be designed, constructed, and operated responsibly, whereas offering advantages by way of building jobs and contracting, coaching alternatives, long-term employment, and different measures that may contribute to financial prosperity within the area.

Industrial replace

Cedar LNG has entered into an MoU for a 20-year liquefaction companies settlement with ARC Sources. The events are working in the direction of finalising a definitive settlement for 1.5 million tpy of LNG, equal to roughly 200 million ft³/d of pure fuel, or roughly half of Cedar LNG’s manufacturing.

“We’re happy to accomplice with Cedar LNG on this vital infrastructure venture for Canada. By means of accountable growth, innovation, and collaboration, we will advance the export of extra Canadian power to international markets,” defined Terry Anderson, President and CEO, ARC Sources. “This settlement is a crucial step ahead in delivering our low-cost, low-emission pure fuel to key demand markets, and rising ARC’s publicity to LNG-linked pure fuel costs.”

“We’re happy to have ARC Sources as Cedar LNG’s first buyer. ARC’s asset high quality, main ESG efficiency, and monetary power are vital attributes in an LNG accomplice and can assist drive our venture ahead,” commented Doug Arnell, Cedar LNG CEO. “Within the coming months, we can be targeted on advancing work throughout 4 important streams – engineering, regulatory, business discussions, and financing in order that we’re properly positioned to ship a venture the Haisla Nation, Pembina, British Columbia, and the remainder of Canada can be proud to showcase.”

Cedar LNG continues to progress business discussions with different potential clients, all of that are funding grade counterparties, for long-term quantity commitments.

A remaining funding choice for the venture is anticipated 3Q23.

Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/16032023/cedar-lng-receives-bc-environmental-approval-and-signs-mou/