Vancouver Island partners sign hull design contract for floating LNG project - 1310 NEWS
Loading articles...

Vancouver Island partners sign hull design contract for floating LNG project

Last Updated Sep 19, 2018 at 3:21 pm EDT

Richard Nookemus works on the grounds outside the House of Huu-ay-aht at the Huu-ay-aht First Nation in Anacla, B.C., on Thursday March 31, 2011. The developer of a proposed LNG export facility on Vancouver Island says it has signed a deal with a Korean shipbuilder for the design of two at-shore liquefied natural gas hulls that would be worth about $500 million. Steelhead LNG and partner Huu-ay-aht First Nations say they signed a deal with Hyundai Heavy Industries for the Kwispaa LNG Project equipment at the Gastech Conference in Barcelona. THE CANADIAN PRESS/Darryl Dyck

VANCOUVER – The developer of a floating liquefied natural gas export facility proposed for Vancouver Island says it has a deal with a Korean shipbuilder for the design of two large at-shore hulls.

Steelhead LNG and partner Huu-ay-aht First Nations say the agreement was signed at the Gastech Conference in Barcelona with Hyundai Heavy Industries to engineer and design the equipment for the Kwispaa LNG Project.

The LNG export project, which features floating production and storage units, is proposed to be built at Sarita Bay off land owned by the Huu-ay-aht First Nations, with a final investment decision scheduled for 2020 and the first 12-million-tonnes-per-year phase to be operational in 2024.

Three companies have been invited to bid to engineer and construct the project’s topsides, marine facilities, pre-treatment and onshore plant facilities.

The design work under both contracts is expected to start next year.

The hulls are expected to cost about US$500 million to build. Each is to be 340 metres long and 60 metres wide and feature five individual tanks that provide 280,000 cubic metres of LNG storage.

Join the conversation

Please read our commenting policies