Cedar LNG, a joint venture between the Haisla Nation and Pembina Pipeline Corporation, has reached a positive Final Investment Decision (FID) on the world’s first Indigenous majority-owned, hydro-powered floating liquefied natural gas (LNG) facility. This project will be powered by renewable electricity from BC Hydro, making it one of the lowest-emitting LNG facilities globally.
With a nameplate capacity of 3.3 million tonnes per annum, the Cedar LNG Project is located in the traditional territory of the Haisla Nation on Canada’s West Coast. This strategic positioning leverages Canada’s abundant natural gas supply to deliver a lower-carbon energy option to global markets.
“Today, 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. ” Because of our Nation’s determination and environmental leadership, Cedar LNG will make the most significant mark on economic reconciliation ever in our country. With Cedar LNG, we have proven that Indigenous communities can successfully forge a path to economic independence and generational prosperity. We have created a model for how sustainable energy development should be done, with Indigenous Nations as owners, balancing environmental interests with global demand for cleaner energy.”
Pembina’s President and CEO, Scott Burrows, emphasized the project’s alignment with their strategic goals. ” This is a historic moment, and we are proud to be moving forward with a project that will deliver industry-leading, low-carbon, cost-competitive Canadian LNG to overseas markets and contribute to global energy security, while delivering jobs and economic prosperity to the local region.”
Doug Arnell, CEO of Cedar LNG, highlighted the project’s role in supporting the global clean energy transition. “We are demonstrating Canada’s ability to sustainably grow its LNG export sector to support the global clean energy transition. Moreover, the Haisla Nation and Pembina, as true partners, are demonstrating a new model for how industry and Indigenous communities can work together for mutual benefit.”
Canadian Prime Minister Justin Trudeau and British Columbia Premier David Eby praised the project, noting its significance in economic and environmental advancements. Premier Eby called Cedar LNG a “shining example” of resource development done right, in full partnership with First Nations and with minimal emissions.
The project’s financing will involve a mix of asset-level debt and equity contributions, with significant support from domestic and international capital providers.
