HOUSTON, USA JUNE 16, 2004 - Aker Kvaerner and Ishikawajima-Harima Heavy Industries (IHI) have established a consortium to offer turnkey design and construction of new onshore LNG receiving terminals in USA and Canada. Many such development projects are currently being evaluated by energy companies. The new consortium combines Aker Kvaerner’s leading expertise in regasification, engineering and construction management for LNG facilities and IHI’s position as the market leader within design and manufacturing of LNG storage tanks and process systems.
16 Jun 04
Over two dozen LNG receiving terminal projects have been suggested for the USA alone, to increase the capacity for energy supplies based on LNG (liquefied natural gas). The LNG is brought in by large carrier ships from plants overseas, requiring receiving terminal capacity expansion to meet the gas demand for power and consumers.
Aker Kvaerner is currently performing studies, pre-engineering, and detailed design for several possible offshore LNG terminal projects. Through the partnership with IHI, a cost-efficient solution for upcoming onshore LNG terminals has been established. The partnership could later be expanded to also include offshore LNG terminal tanks.
The expertise and experience of Aker Kvaerner and IHI compliments each other. Both companies have health, safety and environment (HSE) as the top priority for their operations, and both are among the industry leaders in the LNG field. Both companies also possess LNG technology solutions, IT tools and proven project execution models.
Aker Kvaerner has a long track record for engineering and construction of advanced process facilities in USA and Canada, including LNG projects. The company has in-depth knowledge of market conditions and governmental requirements at various potential onshore and offshore project sites in North America. In addition, the company has a long experience with the use of specialty subcontractors, local permitting requirements and American labor regulations.
IHI is the world leader in delivering more onshore receiving terminals globally than any contractor with their LNG tanks and tank containment technology. The company has delivered several record-breaking projects, with technology and methodology proven through numerous installations in metropolitan areas. The company is currently constructing the first grass roots LNG terminal in Mexico with full containment tanks, the first to be built in North America.
ENDS
For further information, please contact:
Media:
Torbjorn S. Andersen, Vice President, Group Communications, Aker Kvaerner. Tel. office: (+1) 281 270 3618. Mobile phone: (+1) 281 250 7286.
Geir Arne Drangeid, Senior Vice President, Group Communications, Aker Kvaerner. Tel. office: +47 6751 3036. Mobile phone: (+47) 913 10 458.
Investor relations:
Lasse Torkildsen, Vice President Investor Relations, Aker Kvaerner, Group Comms. Tel: +47 67 51 30 39
Aker Kværner ASA is through its subsidiaries and affiliates ("Aker Kvaerner") a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner spans a number of industries, including Oil & Gas production, Refining & Chemicals, Pharmaceuticals & Biotechnology, Mining & Metals, Power, Pulping and Shipbuilding. Aker Kvaerner has aggregated annual revenues of approximately USD 6 billion and employs around 35,000 employees in more than 30 countries.
Oil, Gas, Process & Energy executes technology development, engineering and construction services for industries as diverse as Oil & Gas Onshore and Offshore Developments, Chemicals & Polymers, Pharmaceuticals, Government Services, and Mining & Metals. Our broad range of technical expertise and program services has been molded to support the life cycles of the industrial and technology-based companies that form the backbone of our economy.
This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com
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