Canada's Cedar LNG awards FEED, advances regulatory work
Canada’s Cedar LNG project said February 8 it had awarded a front-end engineering and design (FEED) contract to Black & Veatch and Samsung Heavy Industries for its proposed floating liquefaction, storage and offloading unit (FLNG) on the traditional territories of the Haisla Nation near Kitimat, BC.
The proposed 3mn metric tons/year project is one of the largest First Nation-owned infrastructure projects in Canada, with an estimated gross project cost of C$2.4bn (US$1.89bn). Last summer, Pembina Pipeline took a 50% equity interest in Cedar LNG, and expects to invest C$90mn (US$70.8mn) in it over the next two years.
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“Cedar LNG is rooted in meaningfully creating a low carbon, indigenous-led business that respects local values and protects the environment,” Cedar LNG CEO Doug Arnell said. “The project’s low carbon footprint, coupled with the use of Black & Veatch and Samsung’s expertise and technology, will result in a state-of-the-art facility the Haisla Nation, British Columbia and Canada can be proud of.”
Cedar LNG has also recently filed an application for an environmental assessment (EA) certificate with BC's Environmental Assessment Office, moving the project's regulatory process into a 180-day application review phase. Pending completion of the EA process, it expects to make a final investment decision in 2023, with an anticipated in-service date targeted for the second half of 2027.