Technip Awarded Contract for a 500,000 Tons/Year LNG Plant in China

  Technip Awarded Contract for a 500,000 Tons/Year LNG Plant in China

Business Wire

PARIS -- August 7, 2013

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Shaanxi LNG
Investment & Development Co Ltd an engineering, design and procurement
contract, worth approximately €35 million, for a mid-scale liquefied natural
gas (LNG) plant. The plant will be located in the Yangling Demonstration Area,
Shaanxi Province, China.

The contract covers the conceptual engineering study, the basic engineering
design (BED) for its processes, BED and detailed design of the LNG storage
tank, as well as procurement for key equipment including the main cryogenic
heat exchanger, the mix refrigerant compressor, the boil-off gas compressor
and the cryogenic control valves, among others. The LNG plant will have a
capacity of 500,000 tons per year and will be based on an Air Products
liquefaction process.

Technip’s operating centers in Shanghai, China, and Kuala Lumpur, Malaysia,
are executing the project, which is scheduled to be completed by mid-2014.

This project acknowledges Technip’s historical and unique LNG expertise but
also reinforces its continuous involvement in the growing mid-scale LNG market
in China, after the success of the Ningxia Hanas LNG plant.


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