The highly-anticipated Cedar LNG project near Kitimat BC, Canada’s second, has delayed until the end of the year, pending final investment decision..Cedar, a partnership between the Haisla First Nation and Calgary-based Pembina Pipeline Corp. said it is still in “commercial discussions” with Coastal Gas Link and LNG Canada to ship the gas to its floating terminal, which is undergoing a second round of front-end engineering and design (FEED)..That work has also been delayed, Cedar said in a statement..“This has resulted in the anticipated final investment decision being revised to the fourth quarter of 2023,” it said..On July 6, Cedar LNG received its Facility Permit from the BC Energy Regulator to much fanfare from industry and government officials who touted it as a major win for First Nations and reconciliation. . Coastal gas linkCoastal Gas Link construction on steep grades. .It followed the receipt of the Environmental Assessment Certificate from the BC Environmental Assessment Office, a positive Decision Statement from the federal Minister of Environment and Climate Change and a pipeline permit for the Cedar LNG Pipeline connection to the Coastal GasLink Pipeline. .“Collectively, these reflect the key permitting milestones for Cedar LNG,” the company said in its statement..The company has also reached a memorandum of understanding (MoU) with Calgary-based ARC Resources Limited to liquefy the gas and has signed incremental non-binding MoUs with unnamed “investment grade counterparties” for long-term liquefaction services when it comes into service in 2027. .The facility is fully subscribed in relation to the project’s total capacity and work towards the signing of definitive commercial agreements is ongoing. In addition Cedar LNG will be powered by renewable electricity from BC Hydro, making it one of the lowest carbon intensity LNG facilities in the world..Meanwhile, the Coastal Gas Link pipeline is 91% complete..In a construction update, it said more than 630 km of pipe is installed and crews are busy completing distinct work fronts such as water crossings and steep slopes. .To date, more than 92% of all classified water crossings are complete and steep slope areas such as Cable Crane Hill and the Raised Bore, continue to make significant strides forward..The subsequent Cedar Link Connector will join the floating liquefaction facility with the mainland.
