Technip Energies Awarded a Major LNG contract for the North Field South Project by QatarEnergy
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PARIS--(BUSINESS WIRE)-- Technip Energies (Paris:TE) (ISIN:NL0014559478) is pleased to announce that a joint venture (T.ENCCC JV), led by Technip Energies (T.EN) in partnership with Consolidated Contractors Company (CCC), has won a major1 Engineering, Procurement, Construction and Commissioning (EPCC) contract by QatarEnergy for the onshore facilities of the North Field South Project (NFS).
This award will cover the delivery of 2 mega trains, each with a capacity of 8 million tons per annum (Mtpa) of Liquefied Natural Gas (LNG). It will include a large CO2 carbon capture and sequestration facility of 1.5 Mtpa, leading to 25% plus reduction of greenhouse gas emissions when compared to similar LNG facilities.
The expansion project will produce approximately 16 Mtpa of additional LNG, increasing Qatar’s total production from 110 to 126 Mtpa.
Arnaud Pieton, CEO of Technip Energies, commented: “We are extremely honored to have been awarded by QatarEnergy this mega LNG project, along with our long-standing partner CCC, a leading construction company for LNG trains. This award is a testament to the trust, extent, and strength of our relationship with QatarEnergy. This new project also reflects our leadership in the LNG market as well as our proven ability to integrate technologies towards low carbon LNG, critical in solving the trilemma for affordable, available and sustainable energy.”
Technip Energies has been active with a local presence since 1986 in Qatar, a strategic country for the Company.
(1) A “major” award for Technip Energies is a contract award representing above €1 billion of revenue.
To know more about Gas and Low-Carbon Energies: Technip Energies is a provider of consulting, engineering services and technologies for the gas and low-carbon market. .
To learn more about our Decarbonization capabilities, please go to https://www.technipenergies.com/en/markets/liquefied-natural-gas
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 35 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”). For further information: www.technipenergies.com.
Important Information for Investors and Securityholders
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Source: Technip Energies
Director Investor Relations
Tel: +44 207 585 5051
Email: Phillip Lindsay