ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Fluor Celebrates LNG Canada’s First Cargo Export

Milestone Positions Canada as Major Exporter of Liquefied Natural Gas

Fluor Corporation (NYSE: FLR) announced today that LNG Canada has successfully shipped the first liquefied natural gas (LNG) export cargo from its newly-constructed facility located in the traditional territory of the Haisla Nation in Kitimat, British Columbia, Canada. Since 2018, Fluor, and its joint venture partner, JGC Corporation, have provided critical engineering, procurement, fabrication management, construction and commissioning services to build the facility and support its safe startup.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250701748748/en/

The LNG Tanker Gaslog Glasgow pulls out of Kitimat, British Columbia, Canada, in route to Asia to deliver the first cargo shipment from the newly-constructed LNG Canada facility.

The LNG Tanker Gaslog Glasgow pulls out of Kitimat, British Columbia, Canada, in route to Asia to deliver the first cargo shipment from the newly-constructed LNG Canada facility.

“This is a significant achievement in Canada’s energy landscape and a pivotal moment for Fluor,” said Mike Alexander, Fluor’s Business Group President of Energy Solutions. “First cargo marks the culmination of years of collaboration, innovation and a shared commitment to project delivery excellence between LNG Canada, JGC and Fluor. We are honored to have played such a critical role in delivering the first phase of this world-class LNG facility – safely, efficiently and to the highest standards of quality. This milestone reinforces Fluor’s global leadership in delivering complex energy projects.”

Located on Canada’s west coast, the LNG Canada facility benefits from access to abundant, low-cost natural gas and an ice-free harbor. The plant is the first-of-its-kind in Canada with an annual production capacity of up to 14 million tonnes of LNG. It positions Canada as a major supplier of lower carbon natural gas to global markets and will operate under a 40-year license.

“This facility establishes the global benchmark for responsible LNG development,” said Pierre Bechelany, President of Fluor’s LNG & Power business. “Its design enables LNG Canada to produce LNG with some of the lowest emissions of any large-scale LNG facility in the world.”

JGC Fluor used an innovative modular fabrication approach to achieve significant schedule efficiencies by allowing site preparation, early works and construction to occur at the same time as the module fabrication off-site. More than 215 modules were delivered and set into place at the site from January 2022 to July 2023. The largest modules measured approximately 45 meters wide, 75 meters deep and 47 meters in height. The project also included the construction of the second largest LNG storage tank in the world, standing 56 meters high and 75 meters in diameter with a volume of more than 225,000 cubic meters.

“Congratulations to our project team and the more than 35,000 workers who helped build the first phase of this facility meeting some of the world’s most stringent standards for safety, sustainability and environmental protection,” said James Ticer, Fluor Senior Vice President and Project Director for the LNG Canada Project. “Fluor’s commitment to local economic development and Indigenous community participation was a vital component of the project. JGC Fluor and our subcontractors spent a total of CAD 3.3 billion on goods and services contracted with Indigenous businesses and joint ventures, and nearly $200 million with local area businesses.”

LNG Canada is a joint venture between Shell, Petronas, Mitsubishi Corporation, PetroChina and KOGAS. JGC Fluor’s involvement in the LNG Canada Project continues through commissioning support and long-term operational readiness services.

Fluor’s strong presence in Canada spans more than 75 years, safely delivering engineering, procurement, fabrication and construction services to some of the country’s largest oil, gas, petrochemical, mining, power and infrastructure projects.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s nearly 27,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $16.3 billion in 2024 and is ranked 257 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement, construction and maintenance services for more than a century. For more information, please visit www.fluor.com or follow Fluor on Facebook, Instagram, LinkedIn, X and YouTube.

#EnergySolutions

Since 2018, Fluor, and its joint venture partner, JGC Corporation, have provided critical engineering, procurement, fabrication management, construction and commissioning services to build the facility and support its safe startup.

Contacts

Brett Turner

Media Relations

864.281.6976

Jason Landkamer

Investor Relations

469.398.7222

Recent Quotes

View More
Symbol Price Change (%)
AMZN  232.52
+0.14 (0.06%)
AAPL  273.40
-0.41 (-0.15%)
AMD  214.99
-0.05 (-0.02%)
BAC  56.17
-0.08 (-0.14%)
GOOG  314.96
-0.71 (-0.22%)
META  663.29
-4.26 (-0.64%)
MSFT  487.71
-0.31 (-0.06%)
NVDA  190.53
+1.92 (1.02%)
ORCL  197.99
+0.50 (0.25%)
TSLA  475.19
-10.21 (-2.10%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.