Technip awarded Yamal LNG contract

Source:Technip

Technip confirms it has finalized the award by JSC Yamal LNG of a very major contract for a liquefied natural gas facility. Technip confirms that with its partners it has finalized the award by JSC Yamal LNG of a very major contract for a liquefied natural gas (LNG) facility with a capacity of 16.5 million tons per year (Mt/y). The project will comprise three liquefaction trains of 5.5 Mt/y that are among the world's largest and will make extensive use of modularized construction in yards.

Technip, for the past 14 months, has been involved in providing project planning, detailed engineering, estimation and procurement work for the client. This early engagement gives a comprehensive understanding of the project, around which the project execution plan has been built and handover of the first train is planned for 2017.

The scope of work will consist of:
- engineering, procurement and module fabrication on a fixed-price basis,
- site construction on a reimbursable basis.

Technip will recognize order intake estimated at euros 4.5 billion across the second and third quarters 2014.

Following the successful estimation, early detailed design and procurement activities, this award validates the Group’s strategy of early involvement to design an effective project execution scheme bringing value to clients.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs