Cedar LNG awards EPC contract for state-of-the-art floating LNG production unit
KITIMAT, BRITISH COLUMBIA, Canada – The Haisla Nation and Pembina Pipeline Corporation, partners in the development of the proposed Cedar LNG Project (Cedar LNG), announced Samsung Heavy Industries (SHI) and Black & Veatch have been selected to provide engineering, procurement and construction for the design, fabrication and delivery of the Project’s floating LNG production unit (FLNG), subject to a Final Investment Decision (FID).
“This is a critical milestone on our path towards a FID for Cedar LNG, the first Indigenous majority-owned LNG project in the world,” said Doug Arnell, Cedar LNG Chief Executive Officer. “We have secured world class FLNG expertise and look forward to working with SHI and Black & Veatch to build an LNG facility with one of the cleanest environmental profiles in the world that will usher in a new era of low carbon, sustainable LNG production.”
“Our role in helping Cedar LNG make history on this world-class facility aligns with our commitment to deliver a reliable and resilient global energy supply as a leader in the world’s energy transition,” said Mario Azar, Black & Veatch Chairman & Chief Executive Officer.
Cedar LNG now has major regulatory approvals, signed memorandums of understanding for long-term liquefaction services for the project’s total LNG capacity, and with the achievement of this milestone, the Project is at an advanced stage of planning and development with a FID expected by the end of the first quarter 2024.
Subject to a positive FID, onshore construction work for the project could commence as early as the second quarter 2024, with the delivery of the FLNG and substantial completion expected in 2028.
Note: Captioned image is for illustration purposes only. Image source - Cedar LNG website