Friday, 21 September 2018 14:43

Steelhead LNG contracts design of newbuilds

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Steelhead LNG has closed a deal with South Korea's Hyundai Heavy Industries Co. Ltd. to provide engineering and design of two LNG hulls as part of phase one of the Kwispaa LNG project on Vancouver Island. Each hull is expected to measure 340 metres in length and 60 metres wide and feature five individual tanks that provide approximately 280,000 cubic metres of LNG storage. The construction of the two hulls will cost US$500 million and the contract secures the price for future construction of additional hulls. The Kwispaa LNG Project is a proposed LNG export facility located at Sarita Bay on Vancouver Island on land owned by the Huu-ay-aht First Nations, who co-manage the project that is expected to be operational in 2024.

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