Technip Awarded EPC Contract for Yamal LNG

France-based Technip landed award for the engineering, procurement and construction of Yamal LNG, a facility with a capacity of 16.5 million tons per year (Mt/y). 

‘Technip, for the past 14 months, has been involved in providing project planning, detailed engineering, estimation and procurement work for the client. This early engagement gives a comprehensive understanding of the project, around which the project execution plan has been built and handover of the first train is planned for 2017,’ reads the note released on Thursday. 

For the second and third quarters 2014, the company estimates order intake at 4.5 billion euros. 

‘The project will comprise three liquefaction trains of 5.5 Mt/y that are among the world's largest and will make extensive use of modularized construction in yards,’ explains the press release.

Last December, Novatek and Total announced their final investment decision for a total of $26.9 billion.