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According to a statement by Kelsian, Hotard Coaches, a part of Kelsian’s All Aboard America! has signed a binding contract with CP2 LNG EPC contractors Worley Field Services to provide workforce transportation services for CP2 LNG.
The contract was awarded to Hotard following a competitive tender process.
The scope of the contract includes a comprehensive, turnkey transport solution; covering vehicle, operations, maintenance, and onsite management; with services expected to begin in June 2025.
Also, Klesian said the scope, volume and schedule of transportation services under the contract will align with the project milestones and volume of the workforce at the construction site and vary throughout the contract period.
“Whilst the revenue to be earnt under the contract is uncertain and subject to change, the initial work scope for Hotard is currently anticipated to be delivered over an approximately three-year period to August 2028, securing total contract revenue of approximately $59 million,” the company said.
Kelsian does not currently anticipate a material earnings contribution in fiscal 2026 from the new contract whilst the CP2 LNG development project is in its mobilisation and ramp-up phase.
The firm said that vehicle deployment will be achieved through a combination of Hotard’s existing fleet and asset purchases, currently estimated to require an initial investment of approximately $13 million during the first half of fiscal 2026.
CP2 LNG
Australian engineering firm Worley recently provided an update on its reimbursable EPC contract with US LNG exporter Venture Global for the latter’s CP2 LNG terminal.
In December 2023, Worley secured the engineering, procurement, and construction (EPC) contract for the first phase of Venture Global’s CP2 LNG terminal.
Venture Global recently announced that it has initiated full mobilization and started site work at the company’s third LNG export facility, CP2 LNG.
The launch of the site work came shortly after CP2 received final approval and notices to proceed from the US FERC, and weeks after receiving its non-FTA export authorization from the US DOE.
The CP2 LNG plant site is situated adjacent to Venture Global’s existing Calcasieu Pass liquefaction plant in Louisiana, which commenced commercial operations in April.
Moreover, it is expected to have peak production capacity of up to 28 mtpa.
Venture Global estimates that the total project costs for the CP2 project, including both phases, will range from about $27 billion to $28 billion.
In March, Venture Global announced it had launched the formal FID process for CP2 LNG.