Hyundai Heavy Industries, the prominent South Korean shipbuilding company, has secured a lucrative design contract valued at approximately $500 million. The contract pertains to the development of a liquefaction unit intended for Steelhead LNG’s Kwispaa LNG export project situated in British Columbia, Canada.
Steelhead LNG, headquartered in Vancouver, is spearheading the Kwispaa LNG project, previously recognized as Sarita LNG, utilizing the innovative At-Shore LNG (ASLNG) concept. This concept involves deploying a floating LNG production and storage unit tethered to marine jetties.
Hyundai Heavy will undertake the front-end engineering design for the hull of the ASLNG. Upon the completion of the design phase, Hyundai will proceed with the construction of the liquefaction unit, as outlined in the statement released by the company.
Anticipated to commence operations in 2024, the facility is poised to boast a production capacity of approximately 6 million tons of LNG annually.
The Kwispaa LNG project is a collaborative effort between Steelhead LNG and the Huu-ay-aht First Nations, situated at Sarita Bay on Vancouver Island.
Feed gas for the facility will be procured from northeastern British Columbia and northwestern Alberta, according to Steelhead LNG.
