LNG project developer EPIK has signed an agreement with construction company Watpac for the design, engineering, and construction services on the Newcastle LNG FSRU import terminal in the Port of Newcastle, Australia.
EPIK said that the agreement included an undisclosed amount for the EPC which was for work on the onshore infrastructure.
Also, EPIK established a unit named Newcastle GasDock Company to carry out the project.
The company added that Watpac would be supported by marine and engineering infrastructure consultant Mott MacDonald.
Bram Gruwez, Watpac’s general manager of marine and civil, said: “With our help, the Newcastle LNG import terminal will safely provide NSW with a long-term source of competitive gas supply, supporting existing and future industry and helping to grow the region’s economy.”
To remind, EPIK and Hyundai LNG Shipping formed a strategic partnership in February 2019 to collaborate on FSRU projects around the world including the Newcastle LNG FSRU.
EPIK expects to place an order for the FSRU newbuild with a shipyard subject to Newcastle Gasdock Company receiving regulatory approvals for the project, which the company currently expects to receive by early 2020.