IHI, Aker Kvaerner win construction deal for Texas LNG terminal
Tokyo (Platts)--19Jul2006
platts.com
Japan's Ishikawajima-Harima Heavy Industries, also known as IHI, and the
US unit of Norwegian engineering company Aker Kvaerner have jointly won a
$660 million contract to build a liquefied natural gas terminal in Texas, an
IHI spokesman said Wednesday.
The contract, awarded by a Texas-based subsidiary of Occidental
Petroleum, involves the construction of the Ingleside Energy Center LNG
terminal with a 1.0 billion cubic feet/day capacity, the spokesman said.
The IHI/Aker Kvaerner consortium will build two 160,000 kiloliter
(136,000 mt) LNG storage tanks, berths for 140,000 cubic meter vessels and
regasification facilities, said the spokesman.
The consortium expects to begin construction during the end of this year
or early next year and complete the project in 36 months, he added.
Aker Kvaerner will be in charge of offshore engineering and IHI will be
responsible for equipment and materials procurement as well as the design and
construction of the terminal, the spokesman added.
The planned LNG terminal will be adjacent to an Occidental petrochemical
complex near Corpus Christi, Texas, on the coast of the Gulf of Mexico, he
said.
Occidental last year won approval from the US Federal Energy Regulatory
Commission for the LNG project, but with 46 mitigating conditions to address
safety and environmental concerns. The proposed terminal is planned to use
cooling water from the chemical plant to regasify the LNG, and would also
extract ethane and propane.
--Takeo Kumagai, takeo_kumagai@platts.com |
