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."

People & Company News

Kongsberg Performs Well in Q2

Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends,

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

MN100: Conrad Shipyard

The Company: Conrad Shipyard was established in 1948 and is headquartered in Morgan City, Louisiana. The company designs, builds and overhauls tugboats, ferries,

LNG

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

Viking Grace Marks 1,000 LNG Bunkering Milestone

From the very beginning, the M/S Viking Grace – delivered in January 2013 – was an environmental milestone.   The vessel attracted global attention as an environmental

Hoegh LNG Profits Dip

Norway-based owner and operator of floating LNG import terminals, Höegh LNG  reported a second quarter profit after tax of US$3.5 million, down from $6.3 million in the first quarter 2016.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Sonar
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: 0.0825 sec (12 req/sec)