Fluor JV awarded EPC contract for Kitimat LNG project, shares +1.7% AH

|About: Fluor Corporation (FLR)|By:, SA News Editor

Fluor (FLR+1.7% AH after a joint venture with JGC wins a contract for engineering, procurement and construction of the Kitimat liquefied natural gas facility in British Columbia.

The project scope includes completion of the existing FEED package by finalizing value-improving concepts for the proposed LNG facility, as well as detailed engineering and procurement services for the project's initial phases.

Chevron (CVX) and Apache (APA) each hold a 50% interest in the proposed project.