Cedar LNG announced a positive Final Investment Decision (FID) in respect of the Cedar LNG Project, a proposed floating LNG facility in Kitimat, British Columbia, within the traditional territory of the Haisla Nation.
This project, valued at approximately US$3.4 billion with a nameplate capacity of 3.3 million tonnes per annum, is developed in partnership between the Haisla Nation and Pembina Pipeline Corporation, with strong support from the local community. It is the largest Indigenous-owned infrastructure project in Canada and the world’s first Indigenous majority-owned LNG project.
Strategically positioned to leverage Canadian natural gas supply, Cedar LNG is set to produce low-carbon, cost-competitive LNG for global markets.
Stikeman Elliott acted as legal advisor to Cedar LNG and Pembina Pipeline Corporation in respect of acquisition, commercial, project development and project financing matters. The Stikeman team included Patrick McNally, Christopher Nixon, Kayla Zachariassen (Corporate); Fred Erickson, Chrysten Perry, Bailey Szoke (Energy); Jamie Templeton, Tara Watson, Joel Dueck (Project Finance); Michael Kilby (Competition); Greg Plater, Jada Tellier, Jasmine Hindy, Avery Tsang, Kate Samuels (Real Estate); Julie D’Avignon, Gordon Masson, Bonnie Wilde (Tax); Dennis Langen (Regulatory); David Brown, Jonathan Buysen, Karen Fellowes (Advocacy); Francois Ouimet (Maritime); Ashley Murray, Salice Kale (Articling Students).
MT + Co. represented Haisla Nation.