Technip Awarded Contract for a 500,000 Tons/Year LNG Plant in China
PARIS -- August 7, 2013
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
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.
Technip is a world leader in project management, engineering and construction
for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most complex
Offshore and Onshore infrastructures, our 38,000 people are constantly
offering the best solutions and most innovative technologies to meet the
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Present in 48 countries, Technip has state-of-the-art industrial assets on all
continents and operates a fleet of specialized vessels for pipeline
installation and subsea construction.
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the USA on the OTCQX marketplace (OTCQX: TKPPY).
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