US$15.7 Billion Floating LNG Facility Proposed for Northwest B.C.
South Korean shipbuilder Hanwha Ocean and developer Kanata partner on a $15.7 billion floating LNG project for Asian markets, offering First Nations up to 50% equity.
- On Tuesday, South Korea-based Hanwha Ocean signed a non-binding memorandum of understanding with Vancouver-based Kanata Clean Power & Climate Technologies Corp. to develop a floating LNG export project in Prince Rupert.
- The proposed Kanata LNG project targets exporting up to 12 million tonnes of fuel annually to Asia, with participating First Nations potentially acquiring up to a 50 per cent ownership interest.
- Kanata chief executive officer Robert Delamar called Hanwha an "outstanding collaborator" for its expertise in floating infrastructure, while the company concurrently competes for a Canadian submarine contract.
- Prince Rupert Port Authority manager of corporate communications James Cain stated the authority has "no awareness" of the proposal, confirming no LNG projects are currently being considered on its lands.
- Philippe Levy, president of Hanwha's energy plant unit, stated "significant work remains" before any final investment decision, emphasizing the partners must evaluate the opportunity in a disciplined and responsible manner.
17 Articles
17 Articles
US$15.7 billion floating LNG facility proposed for northwest B.C. - Creston Valley Advance
A US$15.7-billion floating liquefied natural gas (LNG) export project proposed for Prince Rupert has attracted one of the world’s largest shipbuilders and offshore energy companies. South Korea-based Hanwha Ocean announced June 16 it signed a non-binding memorandum of understanding (MOU) with Vancouver-based Kanata Clean Power & Climate Technologies regarding the proposed development. Kanata estimates the project would have an export capacity of…
US$15.7 billion floating LNG facility proposed for Prince Rupert - Fort St. James Caledonia Courier
A US$15.7-billion floating liquefied natural gas (LNG) export project proposed for Prince Rupert has attracted one of the world’s largest shipbuilders and offshore energy companies. South Korea-based Hanwha Ocean announced June 16 it signed a non-binding memorandum of understanding (MOU) with Vancouver-based Kanata Clean Power & Climate Technologies regarding the proposed development. Kanata estimates the project would have an export capacity of…
US$15.7 billion floating LNG facility proposed for northwest B.C. - Grand Forks Gazette
A US$15.7-billion floating liquefied natural gas (LNG) export project proposed for Prince Rupert has attracted one of the world’s largest shipbuilders and offshore energy companies. South Korea-based Hanwha Ocean announced June 16 it signed a non-binding memorandum of understanding (MOU) with Vancouver-based Kanata Clean Power & Climate Technologies regarding the proposed development. Kanata estimates the project would have an export capacity of…
US$15.7 billion floating LNG facility proposed for Prince Rupert - Vanderhoof Omineca Express
A US$15.7-billion floating liquefied natural gas (LNG) export project proposed for Prince Rupert has attracted one of the world’s largest shipbuilders and offshore energy companies. South Korea-based Hanwha Ocean announced June 16 it signed a non-binding memorandum of understanding (MOU) with Vancouver-based Kanata Clean Power & Climate Technologies regarding the proposed development. Kanata estimates the project would have an export capacity of…
Houston Today
Smithers Interior NewsUS$15.7 billion floating LNG facility proposed for Prince Rupert
A US$15.7-billion floating liquefied natural gas (LNG) export project proposed for Prince Rupert has attracted one of the world’s largest shipbuilders and offshore energy companies. South Korea-based Hanwha Ocean announced June 16 it signed a non-binding memorandum of understanding (MOU) with Vancouver-based Kanata Clean Power & Climate Technologies regarding the proposed development. Kanata estimates the project would have an export capacity of…
US$15.7 billion floating LNG facility proposed for Prince Rupert - Northern Sentinel
A US$15.7-billion floating liquefied natural gas (LNG) export project proposed for Prince Rupert has attracted one of the world’s largest shipbuilders and offshore energy companies. South Korea-based Hanwha Ocean announced June 16 it signed a non-binding memorandum of understanding (MOU) with Vancouver-based Kanata Clean Power & Climate Technologies regarding the proposed development. Kanata estimates the project would have an export capacity of…
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