LNG

Oct 27 (LNGJ) - Energy and LNG engineering company Amec Foster Wheeler said it was making good progress in defining strategies for a new market-led operating structure amid cost savings and strong trading. “We are on course to deliver resilient trading results for this year and next despite the continuing weakness in some of our key markets,” said Jon Lewis, Chief Executive of Amec FW. “This is only possible due to the diversity of our business and the initial contribution from additional sustainable cost savings we started in June. The review has also confirmed a number of challenges and highlights a range of new opportunities across our markets,” he added.

Amec Foster Wheeler, the London-based energy engineering company, was awarded a contract by a unit of Spain’s main LNG terminal operator Enagas to revamp a key underground natural gas storage facility in waters off the Bay of Biscay.