Foster Wheeler Awarded Indian LNG Contract

abarrelfullabarrelfull wrote on 07 Dec 2012 22:55

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30 May 2001

Foster Wheeler Energy Limited, the international engineering contractor, has been awarded a project management contract (PMC) by Petronet LNG Ltd for a project to build an LNG terminal in India.

The terminal, which has an overall project value of US$500 million, will have a capacity for receiving and re-gasification of five million tonnes per annum of Liquefied Natural Gas (LNG) with provision for expansion of ten million tonnes per annum. It will be based in Dahej on the Gujarat coast, approximately 1,200 km south west of Delhi. The terminal is expected to be operational in 2003.

As PMC, Foster Wheeler will be responsible for services in support of the Petronet project management team and will oversee the work undertaken by the Engineering, Procurement and Construction (EPC) Contractor. The facilities for the terminal will include breakwater, jetty, LNG unloading arms, vapour return line, two LNG tanks of 160,000 cubic metres capacity, boil off gas compressors, recondenser, vaporisers, gas metering arrangements, utilities and other required infrastructure.

The EPC Contractor for the project comprises an international consortium led by Ishikawajima-Harima Heavy Industries Company Ltd. Other members in the consortium include Ballast Nedam International BV of The Netherlands, Toyo Engineering India Limited and Itochu Corporation and Mitsui Company Ltd, both from Japan.

Commenting on the award, Ian Bill, Chairman & Chief Executive of Foster Wheeler Energy Limited, said: “This project represents a key part of India’s determined entry into the global LNG market. Foster Wheeler is pleased for the opportunity to play a part in the development of India’s LNG activity. The LNG terminal will result in the supply of natural gas not only to the domestic and industrial markets in the State of Gujarat but possibly to its neighbouring states thereby enhancing significantly the development of these states in India.”

Mr Bill added: “Foster Wheeler is proud to be working with Petronet. Having successfully completed the EPC Contract for the Oman LNG Project, we are delighted to bring our international project management and wide range of technical, commercial and engineering expertise to this very exciting and challenging project.”

Petronet LNG is a joint venture company of public sector undertakings in the oil sector, Indian Oil Corporation, Bharat Petroleum Corporation Ltd, Gas authority of India Ltd and Oil and Natural Gas Corporation.

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