Pembina seeing increased interest from potential Cedar LNG [Video]

One of the partners behind the Cedar LNG project says it has seen an uptick in interest from potential long-term contracted natural gas suppliers since the project was green-lit in June.

Calgary-based Pembina Pipeline Ltd. and its project partner, the Haisla First Nation, made a final investment decision at that time to go ahead with the US$4-billion facility.

Pembina CEO Scott Burrows said Wednesday the positive final investment decision has given potential suppliers more confidence, and he expects the facility’s remaining uncontracted capacity will be in demand.

“The interest in the project has increased, just given that it’s real in people’s eyes now,” Burrows said on a conference call with analysts.

“We do believe that, coupled with the fact that this will be a scarce resource in terms of (being) some of the only uncontracted LNG capacity off the west coast of Canada, (means) that it should garner a premium.”

…