LNG regasification contract for Foster Wheeler

Foster Wheeler has been awarded a contract for an LNG import and regasification terminal in Kuwait.

The company announced that a subsidiary of its Global Engineering and Construction Group has been awarded the pre-front-end engineering design and the front-end engineering design (FEED) contract by Kuwait National Petroleum Company (KNPC) for a new onshore LNG import and regasification terminal.

Foster Wheeler did not disclose the value of the contract, however it was included in the company’s Q4 2013 bookings.

Technology and location

Foster Wheeler has previously completed conceptual and detailed feasibility studies for the proposed terminal in Kuwait, to assist in the selection of the most suitable technology and location for the new terminal.

The terminal will have a design capacity of approximately 1500 million ft³/d of gas, with four LNG storage tanks, each with a capacity of 180 000 m³. The design will also allow for future expansions up to 3000 million ft³/d and the installation of a further four LNG storage tanks of the same capacity as the initial four tanks.

Foster Wheeler will work with a local partner in executing this contract, which is scheduled to be complete in October 2014. KNPC plans to start commercial operation of the terminal in 2020.

Comments

“We are pleased to receive this award, which demonstrates KNPC’s satisfaction with the studies we have completed and their confidence in our LNG expertise,” commented Roberto Penno, CEO, Global E&C Group, Foster Wheeler.

“In addition to our LNG expertise, we also have a very strong track record in winning and successfully executing large, complex projects in the Middle East, a strategically important region for Foster Wheeler,” Penno added.

Adapted from press release by Katie Woodward

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/04032014/foster_wheeler_nets_lng_regas_contract_240/