Pembina Pipeline to supply LNG to Malaysia's PETRONAS for 20 years (updated)

Pembina Pipeline

05/11/2025 12:27

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Nov 5 (Reuters) - Canadian oil and gas company Pembina Pipeline PPL.TO said on Wednesday it will supply 1.0 million tons per annum of liquefied natural gas to Malaysia's PETRONAS IPO-PETO.KL for 20 years from its Cedar LNG project.

The deal marks a key milestone for the $4 billion Cedar LNG project and strengthens Canada's push to become a global LNG supplier to Asia.

The company said it will give PETRONAS access to an additional natural gas export outlet for its Canadian upstream investment, while providing Pembina with a stable, long-term revenue stream.

Cedar, a joint venture between the Indigenous community Haisla First Nation and Pembina, would produce 3.3 million tons per annum after completion in 2028.

Canada is the world's sixth-largest natural gas producer, but has been slow in building a strong LNG export industry compared to other major gas-producing nations.

 (Reporting by Katha Kalia in Bengaluru; Editing by Vijay Kishore)

 ((Katha.Kalia@thomsonreuters.com;))