How Cedar LNG is building a floating plant and a Kitimat terminal

The floating facility and shore works are separate packages

The Haisla Nation and Pembina approved a floating liquefied natural gas facility in June 2024. Samsung Heavy Industries and Black & Veatch were chosen for the floating plant. Site preparation and clearing proceeded around Kitimat while the floating unit moved through shipyard fabrication in South Korea. Source 1 Source 2 Source 3

The shore package has to connect gas, electricity and shipping

Cedar LNG reports a transport agreement for 400 million cubic feet of natural gas per day through Coastal GasLink. Its transmission line is intended to bring power from the Minette Bay substation to the floating unit. A marine terminal then connects the facility to vessels in Douglas Channel. Source 1 Source 3 Source 2

The construction model has several funding measures

At the investment decision, the developer estimated total project cost at about US$4.0 billion, including about US$3.4 billion of capital costs and US$0.6 billion for construction interest and transaction costs. It expected roughly 60% of project cost to be financed by asset-level debt. These figures were disclosed as investment-decision estimates. Source 1

The October percentage covers the whole development

Cedar LNG said the project was more than 70% complete in its October update and retained late 2028 as its expected operating date. The plant’s 3.3 million tonnes per year is its planned nameplate capacity. Overall construction progress does not establish when each individual facility will be ready or how much LNG will ship. Source 4 Source 1

Sources

• Cedar LNG final investment decision and project scope
• Cedar LNG construction notices and work scope
• Cedar LNG 2025 pipeline and fabrication project updates
• Cedar LNG 21 October 2026 construction progress update