Foster Wheeler awarded services contract For LNG Canada Project in British Columbia

Source:Foster Wheeler AG

Foster Wheeler has been awarded a contract for the provision of front-end engineering design and project execution services for a proposed liquefied natural gas export project. Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group, in joint venture with affiliates of Chiyoda Corporation, Saipem S.p.A. and WorleyParsons Limited (“CFSW JV”), has been awarded a contract by LNG Canada Development Inc. (“LNG Canada”) for the provision of front-end engineering design (“FEED”) and project execution services for a proposed liquefied natural gas (LNG) export project, known as the LNG Canada Project, in Kitimat, British Columbia.

The contract value was not disclosed. Foster Wheeler’s portion of the FEED phase will be included in the company’s second-quarter 2014 bookings.

The LNG Canada Project is planned as a phased development initially comprising two processing trains, each with a production capacity of approximately six million tonnes per annum of LNG, with an opportunity for an additional two trains. The release to proceed with the project execution phase is subject to regulatory approvals and a financial investment decision by LNG Canada, a milestone still a couple of years away.

Roberto Penno, Chief Executive Officer, Foster Wheeler Global Engineering and Construction Group, said, “We are delighted to confirm the award for this major LNG liquefaction development in British Columbia. As part of the CFSW JV, Foster Wheeler brings proven experience in modular design, fabrication and construction for LNG facilities in remote and challenging locations. Together with our joint venture partners, we look forward to working towards the successful design and delivery of this landmark project.”

“We are pleased to be working with Chiyoda, Foster Wheeler, Saipem and WorleyParsons, a group of companies who together have extensive experience in the liquefied natural gas industry,” said Andy Calitz, CEO, LNG Canada. “LNG Canada’s vision is to work collaboratively with First Nations, the local community and other stakeholders, to deliver a project that is safe, reliable and reflective of community interests, and I look forward to us working together to deliver this project’s expected benefits to the surrounding communities and all British Columbians.”

LNG Canada is comprised of Shell Canada Energy (50%), an affiliate of Royal Dutch Shell plc, and affiliates of PetroChina (20%), Korea Gas Corporation (15%) and Mitsubishi Corporation (15%). This operating entity is incorporated and registered under the federal laws of Canada.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs