The hulls are expected to cost about $500 million US to build. The design work under both contracts is expected to start next year. Three companies have been invited to bid to engineer and construct the project’s topsides, marine facilities, pre-treatment and onshore plant facilities. 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 Nation, with a final investment decision scheduled for 2020 and the first 12-million-tonnes-per-year phase to be operational in 2024. Steelhead LNG and partner Huu-ay-aht First Nations said 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.
Calling it a major milestone, the developer of a floating liquefied natural gas export facility proposed for Vancouver Island said it has a deal with a Korean shipbuilder for the design of two large at-shore hulls.