Fluor Daniel And Mitsubishi Heavy Industries Win First Major LNG Contract
Public Company Information:
Fluor Daniel Inc. and Mitsubishi Heavy Industries (MHI) announced today that they have received an order for project specification preparation work for Malaysia’s third liquefied natural gas (LNG) project. The total project and Fluor Daniel’s contract values were not disclosed.
This is the first major LNG project win for the joint venture, which was set up in March 1995. The preparation of project specification and other design work will be carried out by Fluor Daniel B.V.’s office in Haarlem, The Netherlands. Completion of this phase of the project is planned for September 1997. When fully operational, the plant which is owned and operated by Malaysia LNG Tiga Sdn Bhd will produce 6.8 million tons of LNG annually.
“This success for our joint venture with MHI is an important one. We were delighted to win this project in competition with more than four leading international competitors,” said Jake Easton, president of Fluor Daniel’s Petroleum & Petrochemicals operating company. “We know this contract represents a breakthrough for our new joint venture, and it will help position us to win future LNG projects.”
Mitsubishi Heavy Industries, headquartered in Tokyo, Japan, is a major engineering and construction company for large scale plants, and supplies a wide spectrum of machinery and equipment throughout the world.
Fluor Daniel Inc., the principal subsidiary of Fluor Corporation, is a global engineering, construction and diversified services company with more than 80 offices worldwide.