Kellogg Brown & Root (KBR) has secured a contract from Pieridae Energy for the proposed Goldboro LNG facility in Nova Scotia, Canada.
KBR will also perform a necessary open-book estimate to enter a lump sum turnkey engineering, procurement and construction (EPC) contract for the facility, which will produce ten million tonnes a year of LNG.
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Under the contract, the company will conduct a review of an amended version of the front-end engineering and design (FEED) study prepared earlier for the Goldboro LNG facility.
KBR is expected to carry out the work within an 11-month period.
Pieridae Energy CEO Alfred Sorensen said: “With the terms of an EPC contract due shortly, Pieridae will have met all of the criteria needed to move to a final investment decision on Goldboro.
“This initiative will reinvigorate dormant natural gas reserves in southern Alberta, potentially creating 1,300 jobs alone in 2020 as drilling operations begin, along with field and office work.
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By GlobalData“And in Nova Scotia, the Goldboro LNG facility will be the largest project ever built, employing 3,500 men and women during construction, 30% of the province’s entire unionised workforce.”
Pieridae Energy expects to commence construction activities of the facility this year, with plans to ship first gas overseas to meet the expected global LNG shortfall in 2023/2024.
The company expects that the total development costs for natural gas production and the liquefaction facility will reach $10bn.
Designed to supply natural gas to Europe, the Goldboro LNG facility has secured all major regulatory, environmental, import/export and construction permits.
Germany declared that the project is eligible in principle for up to $4.5bn in loan guarantees.
