McDermott and Saipem joint venture win $6bn Mozambique natural gas contract
A joint venture comprising Saipem, McDermott International and Chiyoda Corporation has signed an engineering, procurement and construction contract worth $6bn for a liquefied natural gas (LNG) development in Mozambique.
Italian engineer Saipem will act as the leader of the joint venture company, CCS JV, which has formed to build the onshore project being developed by Anadarko Petroleum Corporation.
Work on the Area 1 Mozambique LNG project will include construction of two natural gas liquefaction trains, capable of producing 12.88m tonnes per annum, as well as associated infrastructure, storage tanks and export jetty facilities.
Stefano Cao, Saipem chief executive, said: “After many years of dedication to this project, we are very happy to announce that we have reached full agreement for the contract.
“We congratulate Anadarko and its co-venturers for the achievement and grateful for the confidence demonstrated toward our CCS JV.
“With this project, we will strengthen our presence in East Africa, confirming Saipem’s role among the leaders in the LNG market for the energy transition.
“A project of such a scale will contribute significantly to the economic growth of Mozambique as a new pole in the west-east energy routes and, as Saipem, we are proud of our substantial contribute to these future developments.”
Related Links: Saipem, McDermott International, Chiyoda Corporation
Source: GCR
Published: 06-06-2019
