LNG Plant Bids Accepted

Friday, August 03, 2001
An international consortium developing two oilfields off Russia's Sakhalin island invited three international groups to bid for a tender to build the world's largest liquefied natural gas plant. The Sakhalin energy consortium said in a statement the three were French Bouygues Offshore, French Technic with U.S. Foster Wheeler, and Japan's Chiyoda Corp. with Toyo Corp. The Sakhalin energy consortium is led by Royal Dutch Shell. The $1 billion-plus contract involves construction of a liquefied natural gas (LNG) plant -- Russia's first -- with annual capacity of 9.6 million tons by 2006, the statement said. In addition to the LNG plant the contractor will design and build a crude oil export terminal and related facilities on the Sakhalin's southern coast. The contract, to be awarded in the second quarter of 2002, is part of the second phase of development of the $8.9 billion Sakhalin-2 project. The money, which has yet to be raised, will be used to develop the two offshore fields, to build oil and gas pipelines to the south of the island, as well as the LNG plant, and oil and LNG export terminals. Output would be shipped to Japan, South Korea and Taiwan. The consortium is operated by Shell, which owns 55 percent, while Japan's Mitsui & Co. and Mitsubishi Corp. have 25 percent and 20 percent respectively. Sakhalin Energy has already invested $1.6 billion in the first stage of the project, which is currently producing about 35,000 barrels per day. The entire output is being shipped to Japan and South Korea. Sakhalin-2 reserves amount to about 140 million tons in oil and up to 400 billion cubic meters in natural gas. - (Reuters)
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navigation

Singapore Approves Danelec New-Generation VDR

The Maritime and Port Authority of Singapore has issued a certificate of approval for the Danelec DM100 VDR for installation on ships under the Singapore registry.

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

TerraSond Gets 5-Year NOAA Survey Contract

TerraSond says it has been selected by the National Oceanic and Atmospheric Administration (NOAA) to provide hydrographic surveying services anywhere in the U.S under a new five-year contract.

Energy

Mitsubishi to Build Diesel Oil Import Terminal in Australia

Japanese trading house Mitsubishi Corp said it is entering Australia's diesel market by building a $103 million gas oil import terminal to tap growing demand and

NJ Congressmen Supports Offshore Wind Proposal

Congressman Frank Pallone has issued the following statement in response to the Department of the Interior’s announcement of the proposed lease sale for nearly 344,

Wärtsilä's JV with CSSC to Expands Engines Range

Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed an agreement to establish a joint venture for manufacturing medium and large bore medium speed diesel and dual-fuel engines.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Pipelines Pod Propulsion Port Authority Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0972 sec (10 req/sec)