LNG

Oct 28 (LNGJ) - Saipem, the Milan-listed energy and LNG engineering company whose projects include Arctic LNG II, Nigeria’s LNG expansion and the Virginia Gas venture in South Africa, has entered into a global project cooperation agreement with TechnipFMC, the US-based subsea company.

   The commercial agreement will pursue specific subsea umbilicals, risers and flowlines (SURF) projects where the combination can improve economics and de-risk the overall project development. “The agreement will provide a pool of complementary enabling vessels and facilities and a consolidated reel-laying and J-laying technology base,” said Stefano Porcari, Chief Operating Officer of Saipem’s Offshore Division.