LNG

Technip Energies, the leading liquefied natural gas engineering company, reported reduced first-half profits and revenues as the full withdrawal from the Arctic LNG II project in the Gydan Peninsula of Russia was completed amid the gain of a lucrative contract for the LNG expansion in Qatar and with a new record backlog of contracts.

TechnipFMC plans to begin the spin-off transactions on February 12 for Technip Energies to pursue its own path as one of the leading liquefied natural gas engineering companies with current LNG export projects in nations such as Russia and Mexico.