Macro Enterprises, in a joint venture with Spiecapag Canada Corp., has negotiated and executed a construction contract with Coastal GasLink Pipeline LP for pipeline construction services on the Coastal GasLink Pipeline Project.
The initial estimated contract value is in excess of C$900 million ($676 million) with a joint venture split of 40-60 between Macro and Spiecapag.
The Macro Spiecapag Joint Venture has been selected to construct approximately 166 kilometers of a 48-inch pipeline. The project will run approximately 670 kilometers in length. The proposed pipeline will deliver natural gas from the Dawson Creek area of northern British Columbia to a facility near Kitimat, B.C., where it will be converted to a liquid form for export by LNG Canada. From there, it can be shipped to markets in Asia that are currently powered by coal-fired electricity — a significant source of greenhouse gases. LNG Canada is a joint venture company comprised of five global energy companies with substantial experience in liquefied natural gas: Shell, Petronas, PetroChina, KOGAS and Mitsubishi Corp.
A final investment decision is expected to be received by fourth quarter 2018, with a full notice to proceed issued shortly thereafter. The current in-service date of the Coastal GasLink pipeline is scheduled for fourth quarter 2021.
Spiecapag is part of the Entrepose Group of Companies and a subsidiary of Vinci. Entrepose Group is an international contractor that designs, builds and operates production, transportation and storage infrastructures for the oil and gas and other energy markets. Vinci is a global player in concessions and construction.
