PARIS--(BUSINESS WIRE)--Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Shaanxi LNG Investment & Development Co Ltd an engineering, design and procurement contract, worth approximately €35 million, for a mid-scale liquefied natural gas (LNG) plant. The plant will be located in the Yangling Demonstration Area, Shaanxi Province, China.
The contract covers the conceptual engineering study, the basic engineering design (BED) for its processes, BED and detailed design of the LNG storage tank, as well as procurement for 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 will have a capacity of 500,000 tons per year and will be based on an Air Products liquefaction process.
Technip’s operating centers in Shanghai, China, and Kuala Lumpur, Malaysia, are executing the project, which is scheduled to be completed 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.
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