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Biz News Korea(Eng)
Hyundai Heavy wins $500M order for the worlds’ first at-shore LNG plant
- Collected
- 2018.01.29
- Distributed
- 2018.01.30
- Source
- Go Direct
![[Photo provided by Hyundai Heavy Industries]](http://file.mk.co.kr/meet/neds/2018/01/image_readtop_2018_65447_15171999083188090.jpg)
[Photo provided by Hyundai Heavy Industries]
Hyundai Heavy was consigned to front-end engineering design (FEED) for the hull of two units of At-Shore LNG (ASLNG) plus their construction on an engineering, procurement, and construction (EPC) basis for Steelhead LNG Corp., the company said in a statement.
The company will bill the cost for the construction after it completes the design, Hyundai Heavy said.
The ASLNG facility, the first kind in the world, will transform natural gas sent through ground pipelines into 6 million tons of liquefied forms of gas per year for shipment to buyer countries.
The facility measures 340 meters in length, 60 meters in width, weighs 74,000 tons and stores up to 280,000 cubic meters of liquefied gas on its body.
The facility is scheduled to begin operation in 2024 on the coast of Vancouver under the Kwispaa project.
Steelhead LNG will launch an international tender for the facility’s topside and on-shore facilities in the second quarter and proceed with their design order from the third quarter.
Hyundai Heavy will work to win future orders on the momentum of the offshore plant market recovery as oil prices have recently rebounded, the company said.
Hyundai Heavy aims to achieve $1.6 billion in offshore facility orders this year.
By Woo Je-yoon and Minu Kim
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