Deal Description: On September 19, 2018, at the Gastech Conference in Barcelona, representatives from Steelhead LNG, Huu-ay-aht First Nations, and Hyundai Heavy Industries’ Shipbuilding Division formalized the contract for the front-end engineering and design (FEED) of two At-Shore LNG™ hulls as part of phase one of the Kwispaa LNG Project. Each hull is expected to measure 340 metres in length and 60 metres wide and feature five individual tanks that provide approximately 280,000 metres³ of internal LNG storage.

This follows the recent Invitation to Tender to shortlisted EPC (engineering, procurement, and construction) contractors for the FEED work on the At-Shore LNG™ topsides, marine facilities, pre-treatment, and balance of onshore plant facilities. EPC contractor tenderers include:

• Black & Veatch / Samsung Heavy Industries / PCL Industrial Management Inc.;
• CB&I / Offshore Oil Engineering Co. Ltd. (COOEC); and
• TechnipFMC

All FEED work is expected to commence in early 2019.

Baker Botts represented Steelhead LNG in this transaction and is continuing to advise Steelhead LNG on the Kwispaa LNG Project. The Kwispaa LNG Project will be located at Sarita Bay on Vancouver Island, British Columbia, Canada with Phase I of the project anticipated to produce 12 mtpa of LNG.

Baker Botts Lawyers/Office Involved:

Stuart Jordan (Partners, London); Mark Rowley (Partner, London); Alex Kerr (Associate, London); Naomi Pakenham (Associate, London).

For more details on this transaction, please visit Steelhead LNG’s website.

 

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