Chart scores Cedar LNG gig

Chart

US-based LNG equipment maker Chart Industries has secured an order from compatriot engineer Black & Veatch to supply the Cedar LNG project in Canada with liquefaction equipment.

Under the deal, Chart will provide the natural gas liquefaction cold boxes and brazed aluminum heat exchangers to the Cedar floating LNG project, it said in a statement.

Chart did not reveal the price tag of the deal.

The firm said that this is “one of a series of big LNG, FLNG, and small-scale LNG projects in recent quarters and years that Chart has won content.”

Earlier this month, Black & Veatch also awarded a contract to US energy services firm Baker Hughes to provide electric driven liquefaction technologies to the LNG project.

Canada’s Pembina Pipeline and the Haisla Nation recently issued a notice to proceed to Samsung Heavy Industries and Black & Veatch for Cedar LNG’s floating LNG production unit following the finalization of long-term commercial offtake agreements.

Cedar LNG signed a 20-year take-or-pay fixed toll contract with compatriot ARC Resources for 1.5 mtpa.

Pembina and the Haisla Nation each own 50 percent in the Cedar LNG project.

The total project cost, including $0.6 billion of interest during construction and transaction costs, is expected to be about $4 billion, according to Pembina.

The partners expect to take a final investment decision on the project by the middle of 2024.

Source: Lngprime.com

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About Stu Turley 3359 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.