Cedar LNG

Name

Cedar LNG

Legal name

Cedar LNG

Website

https://cedarlng.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Cedar LNG is a partnership between the Haisla Nation (50.1%) and Pembina Pipeline Corporation (49.9%) developing the world's first Indigenous majority-owned floating LNG export facility in Kitimat, British Columbia. The 3.3 mtpa project, powered by renewable hydroelectricity, targets Asia-Pacific LNG markets under long-term take-or-pay contracts with investment-grade counterparties.

Ownership category

akta.pro rank

Product category

LNG Liquefaction and Export Services

akta.pro industry

PRIMARYEUALAFAA

LNG Liquefaction Plants (Onshore & FLNG)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/LNG Value Chain (Liquefaction, Regasification & LNG Trading)

SECONDARYEUALAFAI

LNG EPC, Commissioning & Project Development (Engineering, Construction, Permitting)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/LNG Value Chain (Liquefaction, Regasification & LNG Trading)

SECONDARYEUALAFAD

LNG Storage, Terminals & Bunkering (Peak Shaving, Small-Scale LNG)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/LNG Value Chain (Liquefaction, Regasification & LNG Trading)

SECONDARYEUALAFAF

LNG Contracting & Commercial (SPAs, Tolling, Offtake, Pricing)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/LNG Value Chain (Liquefaction, Regasification & LNG Trading)

Keywords

• Floating LNG liquefaction
• LNG export infrastructure
• Natural gas tolling services
• Low carbon LNG facility
• Indigenous majority owned LNG

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. LNG Liquefaction Tolling Services: Cedar LNG generates revenue through 20-year take-or-pay fixed toll liquefaction services agreements. Customers pay fixed fees for LNG production capacity regardless of usage. Anchor contracts include: ARC Resources (1.5 mtpa), Pembina (1.5 mtpa), Ovintiv (0.5 mtpa via 12-year deal), and Petronas (long-term capacity agreement). The remaining capacity is remarketed to additional customers. Total project capacity is 3.3 million tonnes per annum.
2. LNG Export Sales: LNG produced at the facility is destined for export to Asia-Pacific markets, enabling Canadian natural gas producers to access global LNG pricing. Pembina completed remarkarketing of 1.5 mtpa Cedar LNG capacity with PETRONAS and Ovintiv.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Cedar LNG operates a floating LNG (FLNG) liquefaction and export facility under construction in Kitimat, British Columbia, with a nameplate capacity of 3.3 million tonnes per annum. The facility is powered entirely by renewable hydroelectricity from BC Hydro and uses Black & Veatch's proprietary PRICO liquefaction technology. Revenue is generated through 20-year take-or-pay fixed tolling contracts under which customers pay fixed fees for liquefaction capacity regardless of usage.

Product overview

Cedar LNG is a single, unified floating LNG export facility project - the world's first Indigenous majority-owned LNG project. The company operates the Cedar LNG floating LNG facility (FLNG) in Kitimat, BC, which receives natural gas via an 8-kilometre pipeline connection to Coastal GasLink. The facility is powered by renewable electricity from BC Hydro. Key infrastructure includes the marine terminal, the floating LNG vessel (under construction in South Korea), and supporting workforce programs including an apprenticeship initiative for Haisla Nation members. Cedar LNG is a partnership between the Haisla Nation (50.1% ownership) and Pembina Pipeline Corporation (49.9% ownership).

Differentiator

Problem solved

Functional benefit

Products and services

• Cedar LNG Floating LNG Facility A floating LNG (FLNG) facility located in Kitimat, British Columbia, within the traditional territory of the Haisla Nation. The facility will liquefy natural gas and export it to Asia-Pacific markets with a nameplate capacity of 3.3 million tonnes per annum, powered by renewable hydroelectricity from BC Hydro. Customers access capacity via 20-year take-or-pay fixed toll contracts.
• Cedar LNG Pipeline Connection An approximately 8-kilometre pipeline connecting the FLNG facility to the Coastal GasLink pipeline system, enabling delivery of 400 million cubic feet per day of Canadian natural gas to the floating facility. Constructed by Ledcor Haisla Limited Partnership with preference given to Haisla and Indigenous members.

Quantifiable outcome

• Lowest carbon intensity LNG facility in the world due to hydroelectric power from BC Hydro
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core, primary and supporting.

• ExmarcoreTechnology or Integration · 13 February 2026Awarded marine operations contract for Cedar LNG's Indigenous-majority-owned facility. Exmar provides specialized marine services for the floating LNG operations.
• Ledcor Haisla Limited Partnership (LHLP)coreImplementation/ SI/ Consulting Partner · 4 April 2025Joint venture between Haisla Nation and Ledcor established over 10 years ago. LHLP was selected to construct the pipeline scope of work for Cedar LNG. Responsible for direct hiring with preference given to Haisla and Indigenous members. Construction commenced Q2 2025.
• ExxonMobil CorporationcoreChannel Partner/ Reseller/ Distributor · 13 March 2025Secured long-term LNG supply deal for approximately 1.5 million tons per annum from Cedar LNG starting in late 2028. Agreement supports ARC Resources' strategy and provides ExxonMobil direct access to Asian buyers via Canada's Pacific Coast.
• Coastal GasLink PipelinecoreStrategic or Co-development Partner · 25 June 2024Cedar LNG has a long-term transportation agreement with Coastal GasLink for 400 million cubic feet per day of firm capacity. Natural gas is delivered through approximately 8.5 km pipeline connecting to the Coastal GasLink system.
• Samsung Heavy IndustriescoreTechnology or Integration · 14 November 2023EPC contractor for the FLNG vessel design, fabrication, and delivery. Exclusive relationship secured through heads of agreement in November 2023, with lump-sum EPC agreement finalized. Vessel construction underway at Samsung shipyard in Geoje, South Korea, over 50% complete as of Spring 2026.
• Black & VeatchcoreTechnology or Integration · 14 November 2023EPC contractor providing PRICO LNG liquefaction technology and topside expertise. Partnered with Samsung Heavy Industries for the floating LNG facility. Brings deep experience in floating LNG solutions and leading emissions reduction technology.
• Haisla NationprimaryStrategic or Co-development Partner · 8 June 2021Haisla Nation holds 50.1% majority ownership in Cedar LNG, making it the world's first Indigenous majority-owned LNG project. The partnership represents a model for economic reconciliation, with Haisla Nation obtaining financing through the First Nations Finance Authority. The project is located on Haisla Nation-owned land in the Douglas Channel within their traditional territory. Haisla Nation receives employment, contracting, and economic benefits, with approximately 1700 members.
• Pembina Pipeline CorporationprimaryStrategic or Co-development Partner · 8 June 2021Pembina holds 49.9% ownership and serves as operator of the project. Pembina is a leading energy transportation and midstream service provider serving North America for over 70 years. They have invested approximately US$90 million pre-FID and expect to fund their equity contribution from operating cash flow. Pembina remarketed 1.5 mtpa capacity with PETRONAS and Ovintiv.
• PETRONAScoreChannel Partner/ Reseller/ DistributorSigned long-term deal for liquefaction capacity with Cedar LNG. Pembina completed remarkarketing of 1.5 mtpa Cedar LNG capacity with PETRONAS.
• LNG CanadasupportingStrategic or Co-development PartnerAdjacent LNG project in Kitimat. Cedar LNG leverages existing LNG infrastructure including deep-water port, roads, and other support facilities. TC Energy's Coastal GasLink serves both projects.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Woodfibre LNG: A BC-based, smaller LNG export project near Squamish also using electric-driven liquefaction powered by BC Hydro renewable electricity; the most directly comparable Canadian LNG project on technology, geography, and decarbonization positioning.
• LNG Canada: Largest Canadian LNG export facility, also located in Kitimat, BC, sharing Coastal GasLink pipeline infrastructure and Douglas Channel port facilities with Cedar LNG; comparable on location, customer base, and Asian export orientation.
• Ksi Lisims LNG: A proposed BC floating LNG project led by the Nisga'a Nation with Western LNG and Cedar LNG partners, sharing the floating-LNG, Indigenous-majority ownership, and renewable-power narrative competing for the same British Columbia policy and Asian-buyer ecosystem.
• Shell Prelude FLNG: Shell's floating LNG facility offshore Australia; one of the first operational FLNGs globally and a direct technological analog to Cedar LNG's FLNG design from Black & Veatch/Samsung Heavy Industries.
• Petronas FLNG (FLNG Satu / PFLNG DUA): Petronas operates two FLNG facilities (FLNG Satu and PFLNG DUA) off Malaysia and is also a Cedar LNG long-term offtake counterparty; provides direct FLNG operating precedent and a customer/operator relationship overlap.
• Eni Coral South FLNG: Eni's Coral South FLNG project offshore Mozambique; a large-scale deepwater FLNG comparable to Cedar LNG in vessel-based liquefaction, single-project structure, and long-term offtake with energy majors and Asian buyers.
• Golar LNG: A pioneer in FLNG technology and operator of the Hilli Episeyo and Gimi FLNGs; directly comparable to Cedar LNG on floating-LNG infrastructure and also offers EPC and operating services to FLNG developers.

Emerging players

• Venture Global LNG: A fast-growing US LNG developer/exporter (Calcasieu Pass, Plaquemines) targeting similar Asian and European offtake with long-term SPAs and tolling structures; comparable on business model, long-term contracting, and customer overlap (Asian utilities and majors).
• NextDecade: Developer of Rio Grande LNG (Texas) and other low-carbon LNG initiatives (including CCS proposals); comparable as an emerging LNG developer targeting long-term SPA and tolling structures with Asian buyers and competing for low-carbon LNG positioning.

Broad incumbents

• Cheniere Energy: The largest US LNG exporter, operating Sabine Pass and Corpus Christi; comparable as the incumbent North-American LNG benchmark with long-term investment-grade SPA counterparties and broad Asian utility customer base relevant to Cedar LNG's offtake competition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/CedarLNG
• LinkedInlinkedin.com/company/cedar-lng

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cedar LNG