Fluor Joint Venture Selected for LNG Canada Project

Friday, April 27, 2018 8:36 am EDT

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022

.@FluorCorp joint venture selected for LNG Canada project

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that its joint venture partnership with JGC was selected as the engineering, procurement and construction contractor for LNG Canada’s proposed liquefied natural gas (LNG) export facility in Kitimat, British Columbia, Canada. The award is conditional on a positive final investment decision later this year at which point Fluor will book its share of the contract value.

“We thank LNG Canada for the opportunity to participate in developing the first world-class LNG facility in British Columbia,” said Jim Brittain, group president of Fluor’s Energy & Chemicals business. “Our team has developed an innovative design and execution strategy that improves the project’s competitiveness and predictability and positions it for a final investment decision. We look forward to building on the strong relationships that LNG Canada has established with the local community. Our team is committed to developing this facility safely, sustainably and with lasting benefits for the local community and British Columbia.”

The proposed LNG export facility will liquefy surplus Canadian natural gas so that it can be safely exported to help meet global energy demands. The facility will initially consist of two LNG processing units, referred to as trains, each with the capacity to produce at least 6.5 million tons per annum (mtpa) of LNG per train. The project includes the option to expand to four trains in the future.

Fluor has had a strong presence in Canada for nearly 70 years, safely delivering engineering, procurement, fabrication and construction services to some of Canada’s largest oil, gas, petrochemical, mining, power and infrastructure projects.

LNG Canada is a joint venture comprised of Shell Canada Energy (50%), an affiliate of Royal Dutch Shell plc, and affiliates of PetroChina (20%), Korea Gas Corporation (15%) and Mitsubishi Corporation (15%).

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served its clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 149 on the Fortune 500 list with revenue of $19.5 billion in 2017 and has more than 56,000 employees worldwide. For more information, please visit www.fluor.com or follow Fluor on social media at Facebook, Twitter, LinkedIn and YouTube.

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Geoff Telfer, 469-398-7070
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Jason Landkamer, 469-398-7222

   

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