Market Overview

JGC/Fluor Joint Venture Awarded FEED Contract by Anadarko for New LNG Project in Mozambique

Fluor Corporation (NYSE: FLR) and JGC Corporation announced today that
their 50/50 joint venture was awarded a front-end engineering and design
(FEED) contract by Anadarko Moçambique Area 1 Limitada for an onshore
natural gas liquefaction facility in the Republic of Mozambique. The
project will be located in the Cabo Delgado Province, 2,000 kilometers
northeast of Mozambique's capital, Maputo. Fluor will book its portion
of the contract in the first quarter 2013.

The FEED will deliver designs for the initial phase of the Mozambique
LNG project of four trains, each train capable of producing 5 million
metric tonnes per annum of liquefied natural gas (20 MMTPA total). The
project has the potential to expand its capacity up to approximately

See full press release

Posted-In: News Guidance Management M&A Global

 

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