Cedar LNG secures shipyard capacity at Samsung Heavy Industries

Chamber of Shipping > Blog > News > Local > Cedar LNG secures shipyard capacity at Samsung Heavy Industries

The Haisla Nation and Pembina Pipeline, partners in the development of the proposed Cedar floating LNG export project in Canada, have signed heads of agreement (HoA) with shipbuilding company Samsung Heavy Industries (SHI) and LNG infrastructure solutions company Black & Veatch to secure access to shipyard capacity for the project. The HoA provides Cedar LNG with secure access to shipyard capacity for its target commercial operations date. The parties also expect to finalize an engineering, procurement, and construction (EPC) agreement in December 2023. Cedar LNG aims to make the final investment decision (FID) by the end of 2023, although it may move into early 2024 due to the complexity of aligning multiple work streams for project financing. The floating LNG facility is planned to be located in Kitimat with a capacity to export three million tons per year of LNG.

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