Samsung Heavy Industries Launches Hull for Canada's $4 Billion Cedar LNG FLNG

en.Wedoany.com Reported - Samsung Heavy Industries has held a hull launching ceremony for the floating liquefied natural gas (FLNG) unit being built for Canada's Cedar LNG project. The vessel, named Megugu, with an annual production capacity of 3.3 million tons, was launched last week. It will subsequently enter the installation phase for topside modules and LNG storage tanks, with delivery scheduled for the first half of 2028.

The $4 billion Cedar LNG project, located in Kitimat, is jointly owned by the Haisla Nation and Pembina Pipeline Corporation. Its core equipment is a $2.2 billion near-shore FLNG facility.

Samsung Heavy Industries stated that it is the first shipbuilder to simultaneously construct three FLNG units at the same shipyard. In addition to the Cedar LNG project, Samsung Heavy Industries is also building a ZLNG vessel for Petronas and the Coral Norte FLNG project in Mozambique for Eni. Recently, Samsung Heavy Industries secured a $2.9 billion contract from U.S.-based Delfin Midstream to build a floating liquefied natural gas unit with an annual capacity of 4.4 million tons off the coast of Louisiana. Expected to be delivered in 2030, it will become the world's largest FLNG facility.

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