Ovintiv enters a 12-year agreement with Pembina Pipeline Corporation for 0.5 million tonnes per annum of liquefaction capacity at Cedar LNG.
The agreement enables Ovintiv to export LNG to overseas markets, supporting energy security and global emissions reductions.
Partnership with Pembina allows Ovintiv to access Asian LNG markets from the west coast of Canada, maximizing profitability of natural gas resources.
Agreement Details
12-year agreement for 0.5 million tonnes per annum of liquefaction capacity at Cedar LNG.
Market Expansion
Access to additional export markets for Ovintiv's natural gas production.
Strategic Partnership
Collaboration with Pembina for transportation and liquefaction capacity.
- The agreement signifies a significant advancement in Ovintiv's strategy to expand market access and enhance profitability.
- Exporting from the west coast of Canada provides a competitive advantage in reaching Asian LNG markets from North America.
The partnership with Pembina positions Ovintiv to capitalize on global LNG markets and strengthen its presence in the energy sector.