- Anadarko Petroleum (NYSE:APC) confirms the selection of a joint venture between CB&I (CBI), Chiyoda and Saipem as the engineering, procurement and construction contractor for the onshore portion of its Mozambique liquefied natural gas development.
- The scope of the work for the LNG park includes two LNG trains, each with capacity of 6M metric tons/year which is an increase of 1M/train over the original plan, and two LNG storage tanks each with capacity of 180K cubic meters, condensate storage, a multi-berth marine jetty and associated utilities and infrastructure.
- APC says it has secured non-binding long-term off-take agreements for more than 8M tons/year of LNG from potential customers and is making progress in turning them into binding sales and purchase deals.
- CBI shares jumped 8% on Friday on initial word of the deal.