Pembina Nears Investment Decision for $4 Billion LNG Project

-- Pembina Pipeline Corp. plans to make its final investment decision for the proposed Cedar LNG floating gas-export project in British Columbia within two weeks, according to people familiar with the matter.The $4 billion project is expected to be financed 60% from debt and 40% from equity, with partners Haisla Nation and Pembina each contributing 20% of equity, Cedar LNG said in an emailed statement to Bloomberg News.The financing will also include a C$1.

At least 15 banks will likely participate in financing the project, the people said. Cedar LNG did not comment on the number of banks involved or the timing of a final investment in response to questions from Bloomberg News. The most recent LNG export facility to reach a final investment decision was Abu Dhabi National Oil Co.’s Ruwais LNG project, announced Wednesday.China’s Economic Powerhouse Is Feeling the Brunt of Its SlowdownBroadcom reported second quarter results that topped Wall Street estimates on both the top and bottom lines. The company also announced a 10-for-1 stock split and a quarterly dividend of $5.25 per share. On the earnings front, Broadcom reported adjusted earnings of $10.

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