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Oil, Gas, Petrochemical Industry News
News Release from: Aker Kvaerner Oil and Gas
Edited by the Processingtalk Editorial
Team on 11 January 2005
LNG terminal contract in Louisiana
awarded
A contract for the engineering, procurement and construction of the Cameron LNG regasification terminal in Louisiana, USA, has been awarded to an AK / IHI consortium
Sempra Energy has awarded the Aker Kvaerner and Ishikawajima-Harima Heavy Industries consortium (AK/IHI) a contract for the engineering, procurement and construction of the Cameron LNG regasification terminal in Louisiana, USA The contract value is approximately USD 500 million and the project will run for three and a half years from start of construction to operation start up, in 2008
This article was originally published on Processingtalk on 17 Nov 2004 at 8.00am (UK)
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The Cameron terminal will be the first large project to combine in one delivery Aker Kvaerner expertise in regasification, engineering and construction management for LNG facilities and IHI position as a market leader within design and manufacturing of LNG storage and processing systems.
Engineering will take place primarily in Houston and involve approximately 125 personnel from both companies.
The head of Aker Kvaerner LNG business, John Siffert said "It is pleasing to us that Sempra Energy has recognised our track record within the oil and gas and LNG regasification industry and partnership with IHI for excellence in delivering LNG tanks and terminals.
We look forward to working with Sempra Energy who will benefit from an exclusive collaboration between two leading global EPC project delivery companies with a unique delivery model." The Cameron development is the first new onshore LNG terminal that has been granted a Federal Energy Regulatory Commission (FERC) permit in the USA in over twenty years.
The USD 700 million facility, scheduled to begin commercial operation in 2008, will process 1.5 billion cubic feet of gas per day and is an important part of the Sempra LNG strategy.
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