Contractors Selected to Build LNG Canada Terminal
April 27 (Reuters) - A proposed $31.1 billion liquefied natural gas export terminal on British Columbia's coast edged closer to reality on Friday, as the company behind the project said it had chosen a contractor to lead project construction once financing is in place.
A JGC Corp and Fluor Corp joint venture has been selected to do the final engineering, procurement and construction for the LNG Canada terminal, with a final investment decision on the build still expected later this year, LNG Canada said.
LNG Canada is led by Royal Dutch Shell Plc along with its partners Petro China Co Ltd, Korea Gas Corp and Mitsubishi Corp.
The project, a four-train plant that would produce up to 26 million tons of LNG per year, is located in a remote corner of northwest British Columbia. The build would include the liquefaction plant, export terminal and a 670 km (416 mile) natural gas pipeline.
It is considered essential for Canadian gas producers, who have access to some of the richest gas fields in the world in Northern Alberta and British Columbia, but face depressed prices due to a glut of gas in North America.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Comments