In This Article:
Steelhead liquefied natural gas (LNG) has initiated new legal proceedings against Cedar LNG, Pembina Pipeline, and ARC Resources in British Columbia, Canada.
The Vancouver-based LNG company accuses the defendants of wilfully exploiting proprietary information for the Cedar LNG project's benefit.
The focus of the lawsuit is to halt ARC Resources' involvement in the project, claim damages for the unauthorised use of Steelhead LNG's information, and secure an injunction to prevent further alleged wrongful acts.
Steelhead LNG president Victor Ojeda said: "It is evident to Steelhead that, without relying on ARC Resources' capacity commitment—enabled by what Steelhead believes to be a pattern of wilful 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.
“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.”
Marty Proctor, former CEO of Seven Generations Energy and a current director at ARC Resources, is also named in the legal action.
In addition to the legal action in British Columbia, Steelhead LNG has also been granted three new patents in the US.
These patents further protect the company's innovative near shore LNG facility designs, expanding its intellectual property portfolio across multiple jurisdictions, including Canada, US, Korea, Australia, and Mexico.
The company's recent patent achievements in the US come amidst ongoing patent infringement litigation in Korea.
Steelhead LNG is actively pursuing a case against Cedar LNG and Samsung Heavy Industries, alleging infringement on its Korean patent.
This litigation underscores the company's efforts to safeguard its technological innovations in the global LNG market.
"Steelhead LNG files lawsuit against Cedar LNG in BC, Canada" was originally created and published by Offshore Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.