Technip Bags Contract for LNG Plant in Shaanxi
Technip clinched an engineering, design and procurement contract for a mid-scale liquefied natural gas (LNG) plant from Shaanxi LNG Investment & Development Co Ltd, with the plant to be located in the Yangling Demonstration Area in Shaanxi province, China.
The contract, valued at approximately $46.6 million (35 million euros), covers conceptual engineering study, basic engineering design (BED) for its processes, BED and detailed design of the LNG storage tank. The deal also covers procurement of 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, which will have a capacity of 500,000 tons per year, will be based on an Air Products liquefaction process.
Technip said its operating centers in Shanghai, China, and Kuala Lumpur, Malaysia, will undertake the project, which is scheduled for completion 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 said in a press release.
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