Arrow Energy Gives LNG Design Work to Chiyoda, Saipem, CB&I

Arrow Energy Ltd., the Australian company acquired last year by Royal Dutch Shell Plc and PetroChina Co., awarded an engineering and design contract for its proposed liquefied natural gas project to Chiyoda Corp., Saipem SpA and Chicago Bridge & Iron Co. NV.

The group that won the “multi-million dollar” contract will carry out the design during the next 12 months, Brisbane-based Arrow said today in an e-mailed statement. The LNG venture on the coast of Australia’s Queensland state is expected initially to have two processing units, each producing 4 million metric tons of the fuel a year, Arrow said.