PR Newswire
CALGARY, AB, March 11, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company"), announced today it has entered into a long-term sale and purchase agreement ("SPA" or "the Agreement") with ExxonMobil LNG Asia Pacific ("EMLAP"), an ExxonMobil affiliate, for the supply of liquefied natural gas ("LNG").
Under the Agreement, EMLAP will purchase all of ARC's LNG offtake from the Cedar LNG Project – approximately 1.5 million tonnes per annum ("MTPA") – at international LNG pricing. The Agreement commences with commercial operations at the Cedar LNG Facility, expected late 2028, and continues for the term of ARC's liquefaction tolling services agreement with Cedar LNG Partners LP ("Cedar LNG").
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