Cedar LNG, a proposed floating liquefied natural gas (LNG) facility in Kitimat, British Columbia, has given the green light to start engineering and construction work following the signing of several long-term sales deals.
The news marks a critical milestone in getting financing in place before a final investment decision can be made to go ahead with the project, which is expected in mid-2024.
Cedar LNG brings together the Haisla Nation and Pembina Pipeline Corporation.
Crystal Smith, Chief Councillor for Haisla Nation, described the latest update as an exciting time for the nation as it seeks to make Cedar LNG a reality in the coming months.
Smith continued, “I am incredibly grateful to our nation, all levels of government, Pembina, and our partners who have supported our journey to advance a project that protects our environmental and cultural values, while delivering prosperity for decades to come.”
The issuance of the notice to proceed instructs the engineering, procurement, and construction contractors, Samsung Heavy Industries and Black & Veatch, to complete the engineering and design and start construction of Cedar LNG’s advanced floating LNG (FLNG) facility.
Depending on a final investment decision, once finished, the FLNG unit will be moved from Korea to the Cedar LNG site in the Haisla traditional territory in the Douglas Channel.
With major development milestones achieved, Cedar LNG is preparing for construction, with pre-FID early works commencing in May 2024, including tree clearing and rough grading activities at our proposed marine terminal near Kitimat.
The project is continuing to progress towards a final investment decision by the middle of 2024, with an anticipated in-service date in late 2028. Further details are provided below.
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