South Korea’s Hanwha Group has entered into a strategic memorandum of understanding (MoU) with Canadian firm Fermeuse Energy to jointly advance the Newfoundland and Labrador liquefied natural gas (LNG) development project in Canada.

As part of the partnership, Hanwha will be a long-term strategic partner to Fermeuse Energy, supporting the project’s development, engineering, financing, shipbuilding, and LNG logistics across the full LNG value chain, and will contribute its integrated global capabilities to the project, including conceptual studies and pre-FEED engineering.