Technip Energies wins Mozambique LNG contract for Eni, partners
Technip Energies wins Mozambique LNG contract for Eni, partners MILAN, June 8 (Reuters) - Technip Energies TE.PA has won an engineering, procurement, construction, installation and commissioning contract for the Coral Norte floating liquefied natural gas project offshore Mozambique, the French oil services firm said on Monday.
Technip CEO Arnaud Pieton said the project would support faster deployment of LNG capacity and strengthen Mozambique's role in global gas supplies.
The French company is executing the contract with partners JGC 1963.T and Samsung Heavy Industries 010140.KS for Mozambique Rovuma Venture, owned by Italian energy group Eni ENI.MI and its partners.
Eni together with China's CNPC, Mozambique's national energy company ENH, Abu Dhabi National Oil Company's XRG, and Korea Gas Corp 036460.KS reached the final investment decision to develop the Coral North FLNG project last year.
Technip said the award, together with previously announced contracts linked to the project, represents a 'major' contract valued at more than €1 billion ($1.14 billion) in revenue.
Coral Norte will have capacity to produce about 3.6 million tons per annum (Mtpa) of LNG, doubling the Coral hub's total capacity to 7 Mtpa.
(Reporting by Francesca Landini, Editing by Louise Heavens)
((francesca.landini@thomsonreuters.com; +39 02 66129437; Reuters Messaging: reutersitaly.thomsonreuters@reuters.net))
Recent news on JGC Holdings
See all newsTechnip Energies wins Mozambique LNG contract for Eni, partners
Brief: JGC: Awarded Below $5 Billion Engineering Contract For Floating LNG Project In Mozambique With Technip Energies, Samsung Heavy Industries
Japan steps up efforts on cooking oil in race for sustainable aviation fuel
Japan's Nikkei slips for third day as global bond selloff, Mideast war weigh (updated)
Japan's Nikkei slips for third day as global bond selloff, Mideast war weigh