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Free AccessSinopec in Talks for Offtake and Stake in Canada's Cedar LNG Project
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.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.