Pembina Moves Ahead on Cedar LNG as Costs Rise to $3.4 Billion

Pembina Pipeline Corp. said costs on the Cedar LNG project have escalated to $3.4 billion as the company works toward a final investment decision by the middle of this year.

The cost for Cedar LNG — a British Columbia liquefied natural gas plant planned in partnership with the indigenous Haisla Nation — is up from a previous estimate of about $2.4 billion. The capital cost includes $2.3 billion under a fixed-price, lump-sum agreement, Pembina said Thursday.