ANTWERP, Belgium – EXMAR will design, contract and deliver a floating liquefaction and storage unit (FLSU) to serve the BC LNG project offshore British Columbia, Canada.
EXMAR signed a letter of intent and term sheet with LNG Partners, LLC and LNG BargeCo BVBA for the unit, which will be located on the west bank of the Douglas Channel near Kitimat.
The floating barge will be equipped with an air-cooled PRICO liquefaction plant with a capacity of 0.7 MM tons per year. EXMAR expects delivery in 1Q 2016, one year after a similar project the company is supplying for Pacific Rubiales Energy is scheduled to begin production offshore Colombia.
EXMAR will charter the FLSU, designed to remain on location without dry-docking, to the BC LNG project for a firm 20 years, with options to extend by 10 years. The agreement also provides a process whereby EXMAR will have the option to participate with LNG Partners collectively in a minimum of 50% of the project investment.
“BC LNG will be the first operational LNG export terminal in Canada and has an excellent location to serve the growing Asian markets,” said Nicolas Saverys, CEO of Exmar.