Japanese LNG engineering firm JGC expects US Cameron and Freeport LNG expansion moves in months
JGC Corp. Holdings, the leading Japanese LNG engineering company that has just been awarded a contract for floating LNG in Nigeria, said it expected the US Cameron LNG terminal expansion project in Louisiana and the Freeport LNG Train 4 venture in Texas would move forward with engineering contracts in 2023.
JGC boosts profits
Nov 11 (LNGJ) - JGC Holdings Corp., with LNG contracts in Canada, Mozambique and Nigeria, reported a jump in first-half net profits as sales increased to 219.9 billion Japanese yen ($1.9Bln) from 199.4Bln yen ($1.7Bln) in the same six months of 2020, while forecasting an increase in LNG contracts in the next couple years. JGC’s profits in the period came to $48.4Bln yen versus 3.9Bln yen in the prior-year’s first half.
JGC said outstanding LNG contracts were valued at 408Bln yen ($3.6Bln). These included LNG Canada in British Columbia and the Mozambique FLNG venture in southeast Africa. Other oil and gas sector contracts include a major oil refinery overhaul at Basra in Iraq. “Developments in large LNG projects are likely in fiscal 2022 and later,” said JGC.
Japanese LNG and energy engineer JGC forecasts upsurge and prospects for plant and terminal orders
JGC Holdings Corp., the Japanese energy and LNG engineering group whose current work includes the LNG Canada project and the Coral South floating LNG venture offshore Mozambique, posted lower net sales in the past fiscal year, though adjusted profits increased as it forecast a sector upsurge.
Japanese engineer JGC sees more contracts to go with Mozambique and LNG Canada plants
Japanese LNG engineering company JGC Corp. said it was moving forward with its contracts in the southeast African nation of Mozambique and with the LNG Canada joint venture.
