Hanwha Ocean signs up for $15.7bn Canadian FLNG project

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South Korean Hanwha Ocean signed a non-binding memorandum with Kanata Clean Power & Climate Technologies to collaborate on the $15.7 billion Canadian FLNG project in Prince Rupert, British Columbia. The proposed project could produce up to 12 million tonnes of LNG annually, with significant capital expenditures planned.

South Korea’s Hanwha Ocean has signed a non-binding memorandum of understanding with Kanata Clean Power & Climate Technologies to explore cooperation on the proposed Kanata FLNG project in Prince Rupert, British Columbia. The planned FLNG export project is expected to have a capacity of up to 12m tonnes per year, with Kanata estimating total capital expenditure …