Technip Awarded FEED for LNG Liquefaction Project in the US
PARIS -- August 27, 2013
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Trunkline
LNG Export, LLC* the front-end engineering and design (FEED) contract for the
potential expansion of the existing liquefied natural gas (LNG) import
terminal located in Lake Charles, Louisiana.
The potential expansion project includes a LNG liquefaction plant, with a
total export capacity of up to approximately 15 million tonnes per annum, so
that a portion of the vast additional supplies of natural gas produced from
shale gas fields across the US can be exported to international markets. The
total liquefaction capacity could be achieved through up to three identical
trains, with associated utilities and offsite facilities as well as the re-use
of the existing LNG offloading, storage and marine facilities. Air Products
has been selected to supply its C3MR liquefaction process technology for this
Technip’s operating center in Houston, Texas will execute the contract with
the support from the Group’s center in Paris, France. It is scheduled for
completion during the first half of 2014.
David Dickson, Technip’s Senior Vice President, North America Region, stated:
“Adding liquefaction capabilities to the existing infrastructure would provide
the option of switching from regasification to liquefaction, depending on the
world market for LNG. This award constitutes the first LNG liquefaction FEED
project for Technip in the US. It is also a true testimony of BG Group and its
partners’ trust in our expertise as, after working for them in the subsea and
offshore businesses, we are now expanding our collaboration to onshore.”
* Trunkline LNG Export LLC is a joint venture owned by Energy Transfer Equity,
L.P. and Energy Transfer Partners, L.P. (collectively “Energy Transfer”). BG
LNG Services, LLC, a wholly owned subsidiary of BG Group plc, will manage the
design and construction of the Lake Charles facility as the appointed
administrator under the FEED contract. The potential expansion project is
contingent on final investment decisions by Energy Transfer and BG Group.
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
world’s energy challenges.
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.
Technip shares are listed on the NYSE Euronext Paris exchange and traded in
the USA on the OTCQX marketplace (OTCQX: TKPPY).
Christophe Bélorgeot, Tel. +33 (0) 1 47 78 39 92
Investor and Analyst Relations
Kimberly Stewart, Tel.+33 (0) 1 47 7866 74
David Tadbir, Tel. +33 (0)1 40 90 19 04
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