Steelhead LNG said Dec. 23 it filed new legal proceedings against Cedar LNG, Pembina Pipeline Corp. and ARC Resources Ltd. in British Columbia over the $4 billion LNG project near Kitimat, British Columbia, Canada.
Steelhead alleges in the new claim that each of the defendants willfully and improperly exploited information supplied by Steelhead LNG to ARC Resources relating to the development of Cedar LNG, according to a Dec. 23 press release.
The lawsuit seeks to suspend ARC Resources' participation in the Cedar LNG project, secure damages from the defendants for the unauthorized use and exploitation of Steelhead LNG's information and obtain an injunction to prevent further wrongful acts, according to the release.
"It is evident to Steelhead that, without relying on ARC Resources' capacity commitment—enabled by what Steelhead believes to be a pattern of willful and wrongful conduct—Cedar LNG and Pembina would not have been able to secure the substantial financial commitments necessary to reach a positive final investment decision," said Victor Ojeda, president of Steelhead LNG. "While Steelhead remains open to pursuing an amicable resolution, ARC, Pembina, and Cedar have shown little interest in doing so. As a result, Steelhead has no choice but to seek judicial intervention."
Cedar LNG is majority-owned by the Haisla Nation with 50.1%. Pembina holds 49.9% ownership. The 3.3-million tonnes per annum floating LNG project has 20-year take-or-pay tolling service agreements with ARC Resources and Pembina.
Steelhead also said it is continuing patent infringement litigation in Korea against Cedar LNG and Samsung Heavy Industries related to Steelhead LNG's Korea patent.
Recommended Reading
LandBridge Expands in Southern Delaware Basin with $245MM Acquisition
2024-11-19 - LandBridge is acquiring approximately 46,000 largely contiguous surface acres in the Wolf Bone Ranch from a subsidiary of Vitol-backed VTX Energy Partners.
DNO, OKEA Trade Prospect Interests in Norwegian Sea
2024-12-19 - DNO picked up shares in the Mistral prospect of the Norwegian Sea while reducing its stake in the Horatio prospect.
BP Awards OneSubsea EPC Contract for GoM Kaskida Project
2024-10-30 - The OneSubsea subsea boosting system will supply the artificial lift needed to maximize production through the accelerated recovery of reserves.
Prairie Operating Gets Output, Acreage Boost from Nickel Road M&A
2024-10-02 - Prairie Operating closed an acquisition of acreage and production in Weld County, Colorado, where the D-J Basin player is drilling its first Niobrara horizontals.
Exxon Mobil Completes Purchase of FPSO Offshore Guyana
2024-12-19 - Exxon Mobil Corp. paid $535 million to SBM Offshore for the FPSO, which will operate the unit through 2033.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.