Technip Energies Awarded a Substantial Contract for TotalEnergies and OQ’s Marsa LNG Project in Oman
April 22 2024 - 1:30AM
Technip Energies (PARIS: TE), has been awarded a
substantial(1) contract by TotalEnergies and OQ for the Marsa LNG
bunkering project located in Sohar, Oman.
The contract covers Engineering, Procurement and
Construction (EPC) of a natural gas liquefaction train with an LNG
production capacity of 1 Mtpa(2). The plant will use
electric-driven motors instead of conventional gas turbines and
will be powered by renewable electricity from a planned nearby
solar farm which will cover 100% of the annual power consumption of
the LNG plant. This is positioning the site as one of the lowest
greenhouse gases intensity LNG plants ever built worldwide. The LNG
produced will notably be used as a marine fuel to reduce the
shipping industry’s carbon footprint.
The Marsa LNG project is an integrated complex
developed by TotalEnergies (80%) and OQ (20%).
Arnaud Pieton, CEO of Technip
Energies, commented, “The world’s net-zero trajectory
will require LNG as a critical source of energy, while addressing
emissions abatement. TotalEnergies and OQ’s progressive Marsa LNG
project is an example of how we can decarbonize the LNG value chain
by powering its production with renewable energy and using it as a
marine fuel to reduce emissions linked to maritime transportation.
By leveraging our innovation and global leadership in LNG
infrastructure design and delivery, we are proud to support
TotalEnergies and the Sultanate of Oman in providing reliable,
affordable and sustainable energy to the world.”
(1) A “substantial” award for Technip Energies is a contract
award representing between €500 million and €1 billion of
revenue.
(2) Mtpa: million tons per annum.
About Technip Energies
Technip Energies is a leading Engineering &
Technology company for the energy transition, with leadership
positions in LNG, hydrogen and ethylene as well as growing market
positions in blue and green hydrogen, sustainable chemistry and CO2
management. The Company benefits from its robust project delivery
model supported by an extensive technology, products and services
offering.
Operating in 34 countries, our 15,000 people are
fully committed to bringing our clients’ innovative projects to
life, breaking boundaries to accelerate the energy transition for a
better tomorrow.
Technip Energies shares are listed on Euronext
Paris. In addition, Technip Energies has a Level 1 sponsored
American Depositary Receipts (“ADR”) program, with its ADRs trading
over the counter.For further information: www.ten.com
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