An innovative floating terminal that could be the world’s first Indigenous majority-owned liquefied natural gas project is moving closer to reality, as Cedar LNG announced the selection of its engineering, procurement and construction contractors.
If approved, onshore construction work could start as early as the second quarter of 2024, with the unit expected to be delivered and substantially completed in 2028.
The project, a partnership between the Haisla Nation of British Columbia and Pembina Pipeline Corporation, has chosen Samsung Heavy Industries and Black & Veatch to design, fabricate and deliver the floating LNG production unit for the proposed Cedar LNG Project.
The unit will be located near Kitimat and will have a capacity of up to three million tonnes per year of LNG.
“This is a critical milestone on our path,” said Cedar LNG CEO Doug Arnell.
“We have secured world-class expertise and look forward to working with (Samsung Heavy Industries) 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.”
When completed, it aims to produce LNG with one of the lowest carbon footprints in the world, using hydroelectric power and advanced technology to minimize emissions and environmental impacts.
The project has already secured major regulatory approvals, as well as memorandums of understanding for long-term liquefaction services for its entire LNG capacity.
The final investment decision for the project is expected by the end of the first quarter 2024.
There are only five such facilities in existence currently across the world.
