Foster Wheeler Awarded Contract for an LNG Receiving Terminal in India

abarrelfullabarrelfull wrote on 20 Jan 2012 08:23
Tags: engineering foster-wheeler india iocl lng


Foster Wheeler AG (Nasdaq: FWLT) announced today that its India subsidiary, Foster Wheeler India Private Limited, part of its Global Engineering and Construction Group, has been awarded a contract for a new LNG receiving terminal to be built in Ennore, in the state of Tamil Nadu, India. The contract was awarded by India’s national oil company, Indian Oil Corporation Limited (IOCL).

The Foster Wheeler contract value for this project was not disclosed and will be included in the company’s fourth-quarter 2011 bookings.

Foster Wheeler’s scope of work includes basic design, front-end engineering design, and the preparation of capital and operating cost estimates for the new LNG import, storage and regasification terminal, which will be designed to process five million tonnes per annum of LNG. Foster Wheeler’s scope also includes marine studies to enable IOCL to finalize the jetty location, utilities, and regasified LNG send-out facilities. The LNG terminal facilities are planned for completion by 2015-16.


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