Some insight into the size/scope of the LNG site off the coast of NLFD that Hanwha is getting involved with.
It a massive project.
Fermeuse LNG Receives Boost in MOU With South Korea
A proposed $15-billion liquefied natural gas development off the coast of Newfoundland has received a major boost, after St. John’s-based Fermeuse Energy signed a memorandum of understanding (MOU) to advance the project with Hanwha Group, an industrial conglomerate based in Seoul, South Korea.
9.7 Trillion Cubic Feet of Gas
When FEL first
announced the project last September, its plan called for a 380-kilometre pipeline to carry gas from the
Jeanne d’Arc Basin east of St. John’s to a liquefaction facility in Fermeuse, a town of 600 people about 90 kilometres south of the city.
The company
said the project would extract about 9.7 trillion cubic feet of offshore gas, about three times the initial estimate for Nova Scotia’s Sable Island development, and take advantage of the new Fermeuse Marine Base by “evolving” it into a gas liquefaction hub.
The rest of the article speaks to those locals who would be against this proposal and the employment that it would bring.