Cedar LNG secures off-take, issues limited notice to proceed
Cedar LNG secures off-take, issues limited notice to proceed
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Natural Gas News
Cedar LNG secures off-take, issues limited notice to proceed
Summary
Virtually all of the capacity at the floating LNG facility has been contracted. [Image credit: Cedar LNG] by: Dale Lunan
Pembina Pipeline and Haisla Nation said April 4 they had secured long-term commercial offtake support for their 3.3mn tonnes/year Cedar LNG project near Kitimat, BC, and had issued a limited notice to proceed (NTP) to Samsung Heavy Industries (SHI) and Black & Veatch, the project’s EPC contractors. A 20-year take-or-pay liquefaction tolling servi...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.