Technip USA Announces Contract Award for the Freeport LNG Terminal

Tuesday, August 12, 2003
Freeport LNG Development, L.P. and Technip USA Corporation, a subsidiary of Technip have signed a contract for the Front End Engineering Design (FEED) leading to the finalization of the EPC (engineering, procurement and construction) contract for its LNG receiving terminal to be located on Quintana Island near Freeport, Texas. The FEED is expected to be completed by the end of December with the EPC phase of the project beginning in the first quarter of 2004. Michael Smith, CEO of Freeport LNG Development, L.P., said, "Technip has considerable experience in LNG facility design and this contract continues the relationship established with Technip during their assistance in the preparation of the FERC filing documents for our terminal. The need for LNG receiving facilities is a critical factor in meeting US energy needs. We filed with FERC for our terminal earlier this year and are receiving positive feedback on our application. The contract with Technip USA is a milestone in the further development of our terminal as we target its completion by 2007." Larry Pope, CEO of Technip USA Corporation based in Houston, Texas said, "Technip USA is very pleased to be part of this important project. We look forward to working with Freeport LNG in helping the nation meet our natural gas supply needs. This project, executed from Technip USA's offices in Houston, Texas, represents a continuation of Technip's forty-five year history in the global LNG industry and reinforces Technip USA Corporation's position as a major provider of expertise for LNG receiving terminals in the U.S. and elsewhere in the Americas." Smith further commented, "We plan to have facilities in place which will allow suppliers the ability to bring up to 1.5 billion cubic feet per day of gas into the country through this strategic Gulf Coast location. The natural gas will be transported through a 9.4 mile pipeline extending to Stratton Ridge, which is a major point of interconnection for a number of Texas intrastate pipeline systems. The proposed LNG marine terminal, storage, vaporization units, and natural gas pipeline will be located entirely in Brazoria County, Texas."
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Shippers Turn to Equity Markets as Sector Eyes Recovery

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Ecoshield Wins Industry Award

Subsea Industries, a Hydrex company, announced that its Ecoshield coating system, which offers protection from cavitation and corrosion/erosion damage for ship hulls,

DHL Expects Immunity in Price Fixing Investigation

Deutsche Post expects its DHL forwarding business to be granted immunity from prosecution and fines by Singapore antitrust authorities, who are investigating 11 companies for alleged price fixing,

LNG

Petrobras, Mitsui Study South Brazil LNG Import Terminal

Brazil's state-run oil company Petroleo Brasileiro SA and Japanese trading house Mitsui Corp will study building a liquefied natural gas (LNG) terminal in the country's southernmost state,

Ukraine launches restricted operation

Ukrainian forces launched a "special operation" on Tuesday against separatist militia in the Russian-speaking East, authorities said, although aside from a landing

OSC Plans Fleet Expansion through 2018

State-owned Oman Shipping Company SAOC (OSC) is projecting to expand its current fleet of 43 ships to 50 by 2018, the Oman Daily Observer reported. According to the report,

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Salvage Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | 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: 0.1173 sec (9 req/sec)