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Jan. 6, 2004 -- Aker Kvaerner has been awarded a contract to perform front-end engineering design (FEED) work for a liquefied natural gas (LNG) receiving terminal in the North Adriatic Sea. The FEED contract is worth around USD 21 million.
"When approved, this will be the first offshore concrete LNG terminal in the world. A number of similar prospects are being considered. With our recent awards in the US and now in Europe, we believe we are well positioned in this new market," said executive vice president Simen Lieungh in Aker Kvaerner.
The terminal will be located 17 km from shore in waters 29 metres deep. The terminal will receive LNG shipped mainly from Qatar, regassify the products, and feed the gas through pipeline to the Italian gas distribution network.
The terminal has a storage capacity of 250,000 cubic metres in tanks in the concrete substructure, and it can regassify approximately 6 million metric tons of LNG per year.
"We have designed and built concrete gravity base structures for rough North Sea waters for three decades in Norway, and our Houston organisation has broad experience in the design of LNG regassification plants. On the Adriatic LNG Terminal we will combine these skills in a completely new application. This is truly an exciting opportunity for us," Lieungh says.
The partners in the Adriatic LNG Terminal project include ExxonMobil and Qatar Petroleum, each with a 45 per cent interest, and Edison, a major Italian energy company, which owns the remainng 10 percent interest. The FEED contract is signed by Aker Kværner Contracting AS, a company within the Aker Kvaerner group.
Aker Kværner ASA is through its subsidiaries and affiliates a global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner spans a number of industries, including Oil & Gas production, Refining & Chemicals, Pharmaceuticals & Biotechnology, Mining & Metals, Power, Pulping and Shipbuilding. Aker Kvaerner has aggregated annual revenues of approximately USD 6 billion and employs around 29,000 employees in more than 30 countries. The Aker Kvaerner group consists of many legally independent entities, constituting their own separate identities. Aker Kvaerner is used as the common brand or trademark for most of these entities
Aker Kværner Contracting AS is a contracting entity, tailormade to execute EPCM (Engineering, Procurement and Construction Management) and EPC (Engineering, Procurement and Construction) contracts worldwide. Focus regions are FSU, selected Middle East countries, West of Africa and Brazil. Aker Kvaerner Contracting's business idea is to capitalise on Aker Kvaerner technology and know-how. Hence Aker Kvaerner Contracting provides Project Management, Concept development, Engineering and Procurement, by utilising the combined Aker Kvaerner Field Development competence. External specialist partners and partners being local to the Project Country or Region perform detail engineering and construction work.
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