Core Viewpoint - Ovintiv Inc. has signed a 12-year agreement with Pembina Pipeline Corporation for 0.5 million tonnes per annum of liquefaction capacity at the Cedar LNG facility, enhancing its access to export markets and supporting its strategy to maximize profitability from its Montney gas resource [1][2]. Group 1: Agreement Details - The agreement allows Ovintiv to export 0.5 million tonnes per annum of LNG, with Pembina providing transportation and liquefaction capacity over a 12-year term, starting with commercial operations expected in late 2028 [1]. - The partnership is aimed at supplying low-cost Canadian natural gas to international markets, which is expected to support energy security and contribute to global emissions reductions [2]. Group 2: Strategic Implications - This agreement is a significant step in Ovintiv's strategy to expand market access and enhance the profitability of its natural gas resources by participating in global LNG markets [2]. - The export from the west coast of Canada is noted to offer the shortest shipping distance to Asian LNG markets from North America, positioning Ovintiv favorably in the competitive landscape [1].