The world’s first Indigenous owned LNG facility is moving forward with the announcement of a final investment decision.
The $5.5 billion Cedar LNG project in Kitimat will be built by the Haisla First Nation, which owns 50.1 per cent per cent of the project, and Pembina Pipeline Corp., which owns 49.9 per cent.
The project is strategically positioned to leverage Canada’s abundant natural gas supply and deliver a lower-carbon energy option to global markets. The facility will be powered by renewable electricity from BC Hydro, making it one of the lowest emitting LNG facilities in the world.
“The Haisla Nation, with our partner Pembina, have made history as the world’s first Indigenous community to develop an LNG facility as majority owners,” said Crystal Smith, chief councillor of the Haisla Nation.
The Cedar LNG project will be a floating LNG terminal with an annual production capacity of 3.3 million tonnes of liquefied natural gas.
“This decision shows not only the perseverance of the Haisla Nation in achieving this historic milestone, but also confidence of investors in B.C.’s economy, and how the future for the natural resources sector is bright and will continue to support B.C.’s strong economic performance, which has led Canada’s large provinces in GDP growth since 2017,” B.C. Premier David Eby
The facility is being designed and built by Samsung Heavy Industries and Black & Veatch. Natural gas will be supplied to the Cedar LNG facility from the Coastal GasLink pipeline, which also will supply natural gas to the nearby $18 billion LNG Canada project.
The project is expected to create up to 500 jobs during peak construction and approximately 100 full-time jobs during operation. The in-service date is anticipated to be in late 2028.
