LNG

Three contractors – Larsen & Toubro (L&T), Toyo Engineering, and Technip Energies – are shortlisted by Konkan LNG, part of GAIL Group, to bid on an expansion of India’s Dabhol regasification terminal.

Technip Energies has launched SnapLNG 1.5, a standardized and fully modular 1.5 mtpa liquefaction train, developed with Honeywell Technologies and Siemens Energy. The electrified solution could cut project timelines by up to two years, the companies said.

Technip Energies has been awarded an Engineering, Procurement, Construction, Installation & Commissioning (EPCIC) contract for Eni’s Coral Norte floating LNG project offshore Mozambique. Announced as a “major” contract win, the deal is expected to generate more than €1 billion in revenue.

Technip Energies’ latest full notice to proceed on Caturus’ 9.5 mtpa Commonwealth LNG export terminal marks another milestone for the U.S. Gulf Coast LNG buildout, even if the terminal is not expected to ship its first cargo before 2029.

Technip Energies, together with Japan Gasoline Co. (JGC) and Samsung Heavy Industries, has secured an engineering, procurement, construction and commissioning (EPCC) contract for the Coral Norte floating LNG project off Mozambique. The contract was awarded by Mozambique Rovuma Venture, a joint venture comprising Eni, ExxonMobil and China’ CNPC.

Honeywell has bagged an order from Technip, EPC contractor for the Commonwealth LNG export project, for delivery of modularized liquefaction and gas processing equipment. Delivery of the modules is scheduled by mid‑2028, well in advance of the terminal's planned start-up in 2029.

TechnipFMC has sold 17.6 million shares in Technip Energies, one of the world’s leading liquefied natural gas engineering companies, to Dutch firm HAL Investments.

The sale price of the shares was set at €11.15 ($13.20) per share, yielding total gross proceeds of €196.2 million.

HAL, which has a varied portfolio of international investments and is listed on the Euronext Exchange in Amsterdam, has agreed to a lock-up of 180 days for its shares in Technip Energies.

Upon completion of the sale, representing about 9.9 percent of the issued and outstanding share capital of Technip Energies, TechnipFMC is still left with a direct stake of around 12.3 percent of the shares in Technip Energies.

TechnipFMC completed a spin-off of Technip Energies in February 2021.

Technip Energies is now pursuing its own path as one of the leading LNG engineering companies with current LNG export projects in nations such as Russia, Mexico and Mozambique.

The spin-off reversed the 2017 merger of Technip of France and FMC Technologies of the US, a transaction valued at the time at $20Bln as it created TechnipFMC as a fully-integrated subsea and onshore provider and Technip Energies as a stand-alone company with the old Technip heritage.

Its portfolio also includes the construction of the world’s largest liquefaction Trains in Qatar with 7.8 MTPA of capacity.

In its most recent projects the Technip Energies division of the former TechnipFMC entity constructed Yamal LNG in Russia’s northern Siberia region with Japanese partners Chiyoda Corp. and JGC Corp.

It has also been contracted for Arctic LNG II by the same operator of Yamal, Russia’s Novatek, and is being partnered by Italy’s Saipem and Russian firm NIPIGas, a subsidiary of the Gazprom Neft Group, to construct a plant with almost 20 MTPA of output from three Trains.

Technip Energies, which is currently completing the Coral South FLNG project offshore Mozambique, was also awarded the Costa Azul export plant contract in Mexico by Sempra Energy.

Saipem has signed an agreement with Technip France and NIPIgaspererabotka to participate in the Arctic LNG2 joint venture project. 

TechnipFMC, the energy and LNG engineering company, has agreed an initial services contract for a US LNG export plant proposed for the west side of the Calcasieu Ship Channel near Johnson Bayou in Louisiana as part of the next wave of facilities planned for the Gulf Coast.

TechnipFMC, the energy and LNG project engineering and subsea services company, said second-quarter net income amounted to $164.9 million despite lower revenue as it recovered from the embarrassment of making mistakes in its first-quarter earnings report.