The contract won by T.ENCC covers the delivery of two mega-trains built by the Consolidated Contractors Company (CCC).
Good operation for the French Technip Energy (T.EN). Its joint venture T.ENCCC, held in partnership with Consolidated Contractors Company (CCC), won a contract of approximately 10 billion dollars for the supply of engineering services, construction equipment and commissioning of the onshore facilities of the North Field South (NFS) gas project.
T.EN holds a “comfortable capital majority” by T.ENCCC. “This new project reflects our leadership in the liquefied natural gas (LNG) market, necessary to solve the trilemma of affordable, available and sustainable energy”welcomes Arnaud Piéton, Managing Director of T.EN.
LNG demand surged after Europeans decided to boycott Russian gas. They turned to new suppliers, including the United States, and developed new capacities, in particular ports, to import this gas.
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Qatar, already one of the main LNG producers in the world along with the United States and Australia, plans to increase its annual production by 60%. This will reach 126 million tonnes in 2027, the date of commissioning of North Field South, an expansion project of the North Field offshore field, the largest natural gas field in the world that Qatar shares with Iran.
The contract won by T.ENCC covers the delivery of two mega-trains (terms for gas liquefaction units) built by CCC, each with a capacity of 8 million tonnes per annum (Mtpa) of liquefied natural gas. The project includes a major CO capture and sequestration facility2with a capacity of 1.5 Mtpa.
This capture will reduce greenhouse gas emissions by more than 25% compared to similar LNG facilities. The NFS deposit is 75% owned by Qatar Energy, while the rest is shared by international companies, TotalEnergies, Shell, and ConocoPhillips.