Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction Group, in joint venture with affiliates of Chiyoda Corporation, Saipem S.p.A. and WorleyParsons Limited ('CFSW JV'), has been awarded a contract by LNG Canada Development Inc. ('LNG Canada') for the provision of front-end engineering design ('FEED') and project execution services for a proposed liquefied natural gas (LNG) export project, known as the LNG Canada Project, in Kitimat, British Columbia.
The contract value was not disclosed. Foster Wheeler's portion of the FEED phase will be included in the company's second-quarter 2014 bookings.
The LNG Canada Project is planned as a phased development initially comprising two processing trains, each with a production capacity of approximately six million tonnes per annum of LNG, with an opportunity for an additional two trains. The release to proceed with the project execution phase is subject to regulatory approvals and a financial investment decision by LNG Canada, a milestone still a couple of years away.