TechnipFMC wins $7.6 billion contract to build LNG plant in the Arctic Circle

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Novatek’s Arctic LNG export terminal on the Yamal Peninsula of Siberia. The Russian natural gas company awarded oilfield service company TechnipFMC contract to build the Novatek’s Arctic LNG 2 export terminal in the nearby Gydan Peninsula of Siberia. less
Novatek’s Arctic LNG export terminal on the Yamal Peninsula of Siberia. The Russian natural gas company awarded oilfield service company TechnipFMC contract to build the Novatek’s Arctic LNG 2 export terminal … more

Photo: Novatek

Novatek’s Arctic LNG export terminal on the Yamal Peninsula of Siberia. The Russian natural gas company awarded oilfield service company TechnipFMC contract to build the Novatek’s Arctic LNG 2 export terminal in the nearby Gydan Peninsula of Siberia. less
Novatek’s Arctic LNG export terminal on the Yamal Peninsula of Siberia. The Russian natural gas company awarded oilfield service company TechnipFMC contract to build the Novatek’s Arctic LNG 2 export terminal … more

Photo: Novatek

TechnipFMC wins $7.6 billion contract to build LNG plant in the Arctic Circle

The liquefied natural gas arm of oilfield service company TechnipFMC has been awarded a $7.6 million contract to build an LNG export terminal in the Russian part of the Arctic Circle.

In a Monday afternoon statement, TechnipFMC announced that Russian natural gas company Novatek awarded the oilfield service company an engineering, procurement construction contract to build the Arctic 2 LNG export terminal on the Gydan Peninsula of Siberia.

The project includes three production units that will each make 6.6 million tons of LNG per year for a total of 24.6 million tons per year. TechnipFMC previously built Novatek’s Arctic LNG export terminal on the nearby Yamal Peninsula.

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“We are leveraging our successful track record on the Yamal LNG project and notably the modular fabrication scheme,” TechnipFMC President of Onshore/Offshore Nello Uccelletti said in a statement. “This project recognizes the experience and expertise of our teams as well as their capacity to deliver the most ambitious and innovative projects. It also confirms the leadership of TechnipFMC both in the LNG market and in the transition journey of the global energy industry.”

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Created by the Jan. 2017 merger of French oilfield service company Technip and Houston-based FMC Technologies, TechnipFMC is global company with more than 37,000 employees in 75 nations.

Headquartered in Paris with principal offices in London and Houston, the company reported a $1.9 billion loss on $12.6 billion of revenue during 2018.

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