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Wednesday, November 21, 2018

JV Wins $2bln Freeport LNG Contract in US

Maritime Activity Reports, Inc.

March 28, 2015

Photo: Freeport LNG Development, L.P. (Freeport LNG)

Photo: Freeport LNG Development, L.P. (Freeport LNG)

 A joint venture (JV) between CB&I, Chiyoda International and Zachry Industrial has won a contract worth over $2bn from FLNG Liquefaction 3 for a liquefied natural gas (LNG) train at Freeport LNG in Texas, US.

Upon completion, the three-train facility will have a total export capacity of more than 13.9 million tons per year of liquefied natural gas.
The deal requires the JV to provide engineering, procurement and construction services for the third of the three-train natural gas liquefaction and export facility on Quintana Island, near Freeport.
The contract's scope also includes a double-walled, full-containment 165,000 cubic metre LNG storage tank, which will be delivered by CB&I.
Zachry built Freeport LNG’s original regasification terminal on Quintana Island. That project was finished in 2008. When LNG import plans changed to export plans, a joint venture between Zachry and CB&I, supported by Chiyoda, also did project development, engineering, procurement and construction services for the first two trains of the liquefaction project.
At its peak, the Freeport LNG work will employ more than 4,000 people. Zachry has two other large projects underway in Brazoria County, so the company said it expects to draw on an existing pool of employees. As those projects near completion, the LNG project will ramp up.
The US Department of Energy has already authorised the $14.2bn project to export up to 13.2mn t/yr of LNG, equivalent to 1.8bn ft³/d (51mn m³/d), for 20 years to countries that do not have free trade agreements with the US, such as Japan.
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