Pembina Pipeline gains on 20-year LNG deal with Malaysia's Petronas

Pembina Pipeline

05/11/2025 16:50

** Shares of Canada-based Pembina Pipeline PPL.TO rise 1.3% to C$53.23

** Company to supply 1.0 million tons per annum (mtpa) of liquefied natural gas to Malaysia's Petronas IPO-PETO.KL for 20 years from its Cedar LNG project

** Adds that it enables Petronas to access an additional natgas export outlet for its sizeable Canadian upstream investment, while providing PPL with a stable, long-term revenue stream

** Company says $4 billion Cedar LNG project remains on time and on budget, with an expected in-service date in late 2028

** Including session's moves, stock up marginally YTD

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))