Technip, Chiyoda win $4 billion LNG contract
Posted: 26 September 2005
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RasGas III has signed contracts for the engineering, procurement and construction of two of the world’s largest LNG trains.
The onshore contract will be executed by a joint venture of Technip and Chiyoda. Each train is designed to produce 7.8 million tons per year of LNG, with Train 6 scheduled for start up in late 2008, and Train 7 approximately a year later. The offshore contract was awarded to J. Ray McDermott Middle East.
Technip’s portion of the engineering work will be carried out by its engineering centre in Paris , with the support of the group’s centre in Abu Dhabi .
The value of this contract is about $4 billion.
“Coming after the award last December of the Qatargas II contract, this new contract is further confirmation of the confidence that Qatar Petroleum and ExxonMobil have in Technip/Chiyoda capabilities,” said Daniel Valot, Chairman and Chief Executive Officer of Technip.
The offshore facilities contract awarded to J. Ray involves the construction and installation of two wellhead platforms and two offshore pipelines capable of producing and transporting the required gas feed stock.
The new LNG trains with a capacity of 7.8 million tons a year each, as well as Qatargas II LNG Trains 4 and 5 with the same capacity, represent a major step towards Qatar becoming the world’s largest supplier of LNG with expected total annual production of 77 million tons by 2010.
The project will be the largest to supply gas to the US . Delivery of LNG to the US is targeted to begin in 2008/2009 and will extend for over 25 years.
Qatar Petroleum has a 70 per cent equity interest in the project and ExxonMobil RasGas has 30 per cent.
Posted by Editor Pipeline Magazine
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