Technip earnings
Nov 2 (LNGJ) - LNG and energy engineering company Technip Energies reported nine-month net income of €207.3 million ($219M), down from €223M in the same three quarters of last year. Nine-month revenues declined slightly to €4.40 billion from €4.86Bln in the same period of 2022. The company pointed to an increased LNG and low-carbon front-end engagement and commercial pipeline.
“In Technology, Products & Services (TPS), top line growth is robust with the segment consistently contributing more than 30 percent of group revenues year-to-date,” said Arnaud Pieton, Chief Executive of Technip. “Turning to market outlook, in LNG, we are engaged on a significant number of prospects across North America, Africa and the Middle East and see good potential to selectively secure additional orders, including low-carbon LNG, over the next 12-24 months,” the CEO stated. “Beyond LNG, energy and other industries are demonstrating real appetite and commitment to decarbonize and adopt cleaner solutions,” added Pieton.
