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Sinopec in Talks for Offtake and Stake in Canada's Cedar LNG Project

LNG
Energy BulletsCommoditiesCanada Bank of Canada Market News

China's Sinopec and Pembina Pipeline Corp are in talks for an LNG offtake agreement and equity stake in the proposed 3mtpa Cedar LNG project in Canada, according to Reuters sources.

  • Sinopec is in discussions to purchase 1.5m tons per year of output from Cedar LNG which would be one of Canada's first LNG export terminals.
  • In April, Cedar announced 20-year offtake agreements with ARC Resources and Pembina for 1.5m tons each.
  • A final investment decision for the project is expected by mid-2024 and completion in 2028.
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China's Sinopec and Pembina Pipeline Corp are in talks for an LNG offtake agreement and equity stake in the proposed 3mtpa Cedar LNG project in Canada, according to Reuters sources.

  • Sinopec is in discussions to purchase 1.5m tons per year of output from Cedar LNG which would be one of Canada's first LNG export terminals.
  • In April, Cedar announced 20-year offtake agreements with ARC Resources and Pembina for 1.5m tons each.
  • A final investment decision for the project is expected by mid-2024 and completion in 2028.