"We are excited to move forward on the engineering and construction phase of this Gulf Coast region LNG regasification terminal. Being selected for this project demonstrates the confidence that our customers have in the experience and abilities of the Aker Kvaerner and IHI team," said John Siffert, president of Aker Kvaerner's LNG business. "We are committed to the completion of the project to the satisfaction of our client, in a timely and safe manner."

Aker Kvaerner, Inc., a principal LNG facilities engineering and construction management firm, and IHI Inc., a market leader in the design and manufacturer of LNG storage and processing systems, are the contract parties responsible for delivering the project. Directed from Houston, Texas, design and engineering for the project will involve approximately 125 personnel from the joint venture. In addition, Aker Kvaerner Industrial Constructors, Inc. will employ a peak construction labour force of approximately 650 to complete the project.

The LNG receiving terminal project will consist of two 160,000 m3 full-containment LNG tanks and a vaporization system. Once complete, the facility will process approximately 1.5 billion standard cubic feet of gas per day, providing the Gulf Coast region with much-needed clean burning natural gas.

ENDS

 

 

Media:
Donna Rougeaux, Vice President Communications  Business Tel.: +1 713 270-2407

Greg Pepper, VP LNG Business Development, Business 713-270-2383, Mobile 713-459-3381

Lasse Torkildsen, SVP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39

Suppliers:

For further information about sourcing and potential subcontracts for this project, please contact Rodger Liang, Vice President Global Sourcing. Tel.: +86 (0)10 6409 6636

Visit http://www.akerkvaerner.com/Internet/CareerCentre

 

AKER KVÆRNER ASA, through its subsidiaries and affiliates ("Aker Kvaerner"), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals and Power Generation. The Aker Kvaerner group is organised in a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities.

The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 50 billion and employs approximately 24 000 people in about 30 countries.

Aker Kvaerner is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine-resources industries. The Aker companies share a common set of values and long traditions of industrial innovation. As an industrial owner with a 40.27 per cent holding in Aker Kvaerner, Aker ASA takes an active role in the development of its holdings.

 

Aker Kvaerner's Process and Construction business area is a world leader in the project management, design and construction of major projects spanning refining, petrochemical processing, metals and mining, power generation, and acid plants. From initial concept through technology development, process technology application, design, procurement, construction, maintenance, modification and decommissioning, we provide our customers with the full life cycle of services. Process and Construction provides sound local expertise, combined with the depth and strength of global project operations.

Aker Kvaerner, Inc. is a leading provider of technology-based project solutions to the upstream oil and gas market, both onshore and offshore. Headquartered in Houston, the company supports projects in various areas, including oil and gas processing, LNG regasification and gasification/syngas. Services include technical and commercial feasibility studies, conceptual and front-end engineering design, detailed engineering, procurement, construc­tion, and project management.

 

IHI, Inc. is the largest global supplier of LNG onshore storage tanks / terminals and a leading supplier of other LNG technology and machinery. IHI has delivered more than 100 LNG tanks globally over the past thirty years. Demand for LNG is rapidly increasing worldwide and the growth in construction of new LNG exporting and receiving terminals is expected to continue.  IHI intends to expand its LNG related business with these experiences and technologies into this global prospective market. Additional information about IHI can be reviewed on their website http://www.ihi.co.jp.

This press release may include forward-looking information or statements and is subject to our disclaimer, see our web pages www.akerkvaerner.com.