French-Asian firms reveal LNG contract in Canada

May 22, 2013

A consortium comprising French, South Korean and Chinese companies has won a contract for a liquefied natural gas project in Canada, the French partner Technip said on Wednesday.

The other partners are Samsung of South Korea and Huanqiu of China.

The value of the contract was not divulged.

(LNG) is a rapidly growing component of the energy sector, in large part owing to the boom in exploitation of and gas in North America.

But production and transportation requires big investment in installations including , shipping terminals and gas-tanker ships.

The project, to be based on Lelu island in British Colombia, concerns engineering for an LNG facility.

The installation would comprise two LNG lines capable of producing 6.0 million tonnes of LNG per year, the processing units, marine facilities and jetties, buildings and power station equipment.

will manage the production lines and the marine facilities.

The project is due to be completed in the second half of next year, Technip said in a statement.

lo/hd/lc

Explore further: Will natural gas exports raise prices for consumers?

Related Stories

Will natural gas exports raise prices for consumers?

March 13, 2013

How much of the United States' newfound bounty of natural gas should stay at home, keeping prices low for domestic customers? How much should be earmarked for export in the form of liquefied natural gas (LNG), at the risk ...

Technip wins North Sea underwater contract

March 26, 2012

French oil services group Technip announced Monday it had secured a contract worth about 600 million euros ($795 million) to refurbish and develop oil installations in the North Sea.

Great Barrier Reef heading for danger: UNESCO

June 2, 2012

UNESCO on Saturday urged decisive action from Australia to protect the Great Barrier Reef from a gas and mining boom, warning it risked being put on its list of world heritage sites deemed "in danger".

Recommended for you

Cryptocurrency rivals snap at Bitcoin's heels

January 14, 2018

Bitcoin may be the most famous cryptocurrency but, despite a dizzying rise, it's not the most lucrative one and far from alone in a universe that counts 1,400 rivals, and counting.

Top takeaways from Consumers Electronics Show

January 13, 2018

The 2018 Consumer Electronics Show, which concluded Friday in Las Vegas, drew some 4,000 exhibitors from dozens of countries and more than 170,000 attendees, showcased some of the latest from the technology world.

Finnish firm detects new Intel security flaw

January 12, 2018

A new security flaw has been found in Intel hardware which could enable hackers to access corporate laptops remotely, Finnish cybersecurity specialist F-Secure said on Friday.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.