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Pembina Pipeline reports record Q3 earnings

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Pembina Pipeline reports record Q3 earnings

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Natural Gas News
Pembina Pipeline reports record Q3 earnings

Summary

Minority owner of Cedar LNG cautions that FID may not happen until early 2024. [Image credit: Pembina Pipeline] by: Dale Lunan

Pembina Pipeline, the Canadian midstream services provider which also owns 49.9% of the proposed Cedar LNG project in BC, said November 3 it had record quarterly EBITDA of C$1.02bn (US$740mn) in Q3 2023, up from ...

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While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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