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Technip awarded Yamal LNG EPC contract

LNG Industry,

Technip has been awarded the engineering, procurement and construction (EPC) contract for the Yamal LNG project, on the Siberian peninsula of Yamal. The LNG facility will have a capacity of 16.5 million tpa and will comprise three liquefaction trains of 5.5 million tpa. The liquefaction trains will be among the largest of their type in the world and will make use of modularized construction in yards, the company said.

Over the past 14 months, Technip has provided project planning, detailed engineering, estimation and procurement work for the client. This has given Technip an engagement and comprehensive understanding of the project, around which the project execution plan has been built.

“Following the successful estimation, early detailed design and procurement activities, this award validates the group’s strategy of early involvement to design an effective project execution scheme bringing value to clients,” the company said.

Technip will undergo engineering, procurement and module fabrication on a fixed-price basis and site construction on a reimbursable basis. Handover of the first train is expected in 2017.

The company will recognise order intake estimated at €4.5 billion across the second and third quarters 2014.

Adapted from press release by Ted Monroe

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