Industry News - New & Expanding Business - CB&I awarded contract for LNG peak shaving facility CB&I awarded contract for LNG peak shaving facility by: OilOnline Wednesday, April 16, 2008
Horton CBI, a subsidiary of CB&I, has been awarded a contract valued at approximately US$150 million for a liquefied natural gas (LNG) peak shaving project on Vancouver Island, British Columbia. The facility, to be owned and operated by Terasen Gas (Vancouver Island) Inc., a subsidiary of Terasen Inc., is designed to provide additional seasonal peaking capacity for the benefit of natural gas customers on Vancouver Island and the mainland of British Columbia (or use throughout the service territory.)
CB&I’s work scope includes the engineering, procurement and construction of a 434,000 barrel (1.5 billion cubic feet gas equivalent) LNG storage tank, the liquefaction and regasification systems and all related plant structures and systems. CB&I designed and built the first LNG peak shaving plant in the U.S. in 1965.
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