Technip Energies And Chiyoda Awarded A Major LNG Contract For The North Field East Project In Qatar
LONDON & PARIS & HOUSTON (BUSINESS WIRE)
TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) is pleased to announce that CTJV, a joint venture between Chiyoda Corporation (“Chiyoda”) and Technip Energies, has been awarded a major
(1) Engineering, Procurement, Construction and Commissioning (“EPCC”) contract by Qatar Petroleum for the onshore facilities of the North Field East Project (“NFE”).
This award will cover the delivery of 4 mega trains, each with a capacity of 8 million tons per annum (“Mtpa”) of Liquefied Natural Gas (“LNG”), and associated utility facilities. It will include a large CO2 Carbon Capture and Sequestration facility, leading to more than 25% reduction of Green House Gas emissions when compared to similar LNG facilities.
Qatar will spend billions of dollars expanding its LNG capacity more than 50% to 126 million tons a year. The Persian Gulf state is already the world’s main supplier of the super-chilled fuel, but new projects elsewhere especially in Australia and the U.S. have eroded its dominance.
Warner Music takes stake in Prince Al-Waleed’s Rotana Music
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Keach Hagey
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Warner Music Group Corp. has agreed to buy a minority stake in Saudi billionaire Prince al-Waleed bin Talal’s Rotana Music, in a deal that would expand Warner’s presence in the Arab world while extending the global reach of Rotana’s roster of artists.
The companies made the announcement on Tuesday but declined to disclose the size of the stake or any other financial terms. The Wall Street Journal had previously reported that the companies were nearing a deal that would have valued Rotana at close to $200 million.
Qatar’s major expansion of its liquefied natural gas capacity will help it to be the biggest LNG producer in the world for at least the next two decades