Technip Energies: wins a 'substantial' contract in Oman

(CercleFinance.com) - Technip Energies announced on Monday that it had won a "substantial" contract for the development of the LNG project unveiled this morning by TotalEnergies in Oman.


From the company's point of view, a "substantial" contract represents cumulative sales of between E500m and E1bn.

The Group states that the agreement covers the engineering, procurement and construction (EPC) of a natural gas liquefaction train with a production capacity of one million metric tons per annum (mtpa).

The plant, which will use electric motors instead of conventional gas turbines, will be powered by renewable electricity from a nearby solar farm.

This solar farm is expected to cover the plant's entire annual electricity needs, making it one of the lowest-emission LNG plants built in the world.

The LNG produced will in turn be used as marine fuel to reduce the shipping industry's carbon footprint.

The Marsa LNG project - which was officially presented this morning by TotalEnergies - is an integrated complex developed by the French energy group, which will control 80%, and the Omani oil company OQ, which will hold 20%.

Copyright (c) 2024 CercleFinance.com. All rights reserved.