Business Sectors
Business Sectors
Events
Contents
Canada's Cedar LNG project contracts for FLNG tank design
Samsung Heavy Industries (SHI) is building the vessel for shipowner Cedar LNG for the nameplate 3.3M tonnes per annum (mta) export facility
France-based LNG tank design specialists Gaztransport & Technigaz (GTT) said it had received the order from partner Samsung Heavy Industries (SHI) in South Korea, for the tank design of a new floating liquefied natural gas (FLNG) vessel for Cedar LNG.
"GTT will design the tanks of this FLNG, which will have a total capacity of 180,000 m3, and will incorporate the Mark III Flex membrane containment system developed by GTT. The delivery of this FLNG is scheduled for Q1 2028," GTT said.
News of the contract comes three weeks after partners in the Cedar LNG project announced a positive final investment decision for the construction of the new facility in the traditional territory of the Haisla Nation, on Canada’s West Coast in the province of British Columbia.
British Columbia is home to massive natural gas reserves, estimated at over 2,900 Tn ft3, and Canada has multiple exploration projects underway including the C$40Bn LNG Canada export terminal near Kitimat, which counts Shell, Petronas and PetroChina as partners. The project is one of the largest-ever investments in Canada’s history.
The Cedar LNG project’s West Coast location provides one of the shortest shipping routes to key Asian markets. The Douglas Channel, leading to and from the site, offers an established shipping route and deepwater marine inlet, with year-round ice-free conditions.
Cedar LNG partners estimate the total cost at approximately US$4Bn including estimated capital costs of approximately US$3.4Bn of which US$2.3Bn or approximately 70%, is under a fixed-price, lump-sum agreement, and US$0.6Bn of interest during construction and transaction costs.
The FLNG facility is being designed and constructed by Samsung Heavy Industries and Black & Veatch and is anticipated to be in service in late 2028.
SHI will be responsible for the hull and topside plant processes of the FLNG. The order is estimated at some 2Tn Won (US$1.5Bn).
Cedar LNG has secured 20-year take-or-pay liquefaction tolling services agreements with ARC Resources Ltd and Pembina for 1.5 mta each. Commercial discussions with other prospective customers are ongoing.
Riviera’s LNG Shipping & Terminals Conference will be held in London, 12 November 2024. Click here to register your interest.
Related to this Story
Events
Maritime Regulations Webinar Week
16 Dec 2025
GMT - ONLINE
Floating energy: successfully unlocking stranded gas using FLNGs and FSRUs
24 Feb 2026GMT - ONLINE
© 2026 Riviera Maritime Media Ltd.
