Technip Energies Secures Key Contracts for Energy Transition
Technip Energies Wins Crucial Contracts for INPEX LNG Project
Technip Energies (PARIS:TE), in partnership with JGC, has achieved an important milestone by securing two vital Front-End Engineering Design (FEED) contracts for the INPEX Abadi LNG project. This initiative represents a significant advancement in Indonesia's energy sector, particularly in the development situated in the Masela Block.
Contracts Overview
The first contract pertains to the engineering design of a gas Floating Production Storage and Offloading (FPSO) vessel, while the second focuses on the onshore Liquefied Natural Gas (LNG) facility. Both contracts will be executed collaboratively with the JGC Corporation, a highly regarded leader in engineering.
FPSO Design Details
The FPSO FEED contract encompasses the engineering required for a gas FPSO unit intended for the Abadi gas field. This facility is set to process gas before sending the treated dry gas via a subsea pipeline to the onshore LNG production site.
Onshore Facility Insights
The onshore LNG FEED contract involves designing two LNG production trains along with essential support infrastructure. This includes a jetty, materials offloading facilities, and a logistics supply base. The gas streamed from the FPSO will undergo treatment to eliminate impurities before it is liquefied, stored, and made ready for offloading. Interestingly, any carbon dioxide extracted during the treatment process will be re-injected into the well as part of an advanced carbon capture strategy.
Industry Commentary
Marco Villa, Chief Business Officer of Technip Energies, shared his thoughts on the project: "LNG is crucial as a transition fuel that fortifies global energy security. We are honored to have been chosen to provide engineering designs for these essential elements of the Abadi Masela development. Our extensive expertise in LNG and gas FPSOs played a significant role in earning this trust. Working with partners like SKK Migas and INPEX highlights our collective dedication to delivering high-quality FEED packages that support our clients’ investment decisions fully.”
Sustainable Energy Goals
Shoji Yamada, Representative Director and President of JGC, echoes this sentiment, emphasizing the project’s significance in advancing low-carbon energy solutions. He stated, "We take pride in contributing to sustainable LNG development, aligning with our energy transition strategy and Indonesia’s aspirations for economic progress through local job creation and robust engagement. We remain committed to reinforcing the country’s targets for net-zero carbon emissions by 2060."
Project Impact and Future Prospects
The Abadi LNG project aims to produce approximately 9.5 million tons of LNG annually, along with an additional 150 million standard cubic feet of natural gas per day for domestic consumption. This endeavor will significantly bolster Indonesia's energy ambitions, potentially supplying over 10% of Japan's LNG imports. Moreover, the inclusion of carbon capture technology positions this project as a vital part of Indonesia's commitment to reducing CO? emissions, further enhancing its global environmental standing.
About Technip Energies
Technip Energies is a premier global technology and engineering enterprise, with established leadership in sectors spanning LNG, hydrogen, ethylene, sustainable chemistry, and CO? management. By focusing on energy derivatives and decarbonization, Technip Energies plays a pivotal role in developing vital markets. Their dual business segments—Technology, Products, and Services (TPS), alongside Project Delivery—are geared towards transforming innovation into tangible industrial outcomes.
The company boasts over 17,000 employees across 34 countries, dedicated to merging sustainability with prosperity in an initiative aimed at creating a lasting impact on the world.
Performance and Financial Insight
In its recent financial results, Technip Energies reported revenues of €6.9 billion, underlining its robust market position. The company is not only recognized on Euronext Paris but also has American Depositary Receipts available for trading in the over-the-counter market.
Contact Information
Investor Relations
Phillip Lindsay
Vice-President Investor Relations
Tel: +44 207 585 5051
Email: Phillip Lindsay
Media Relations
Jason Hyonne
Press Relations & Social Media Manager
Tel: +33 1 47 78 22 89
Email: Jason Hyonne
Frequently Asked Questions
What is the INPEX Abadi LNG project?
The INPEX Abadi LNG project is a major energy development in Indonesia aimed at producing significant volumes of liquefied natural gas annually, supporting both local and international energy needs.
What does FEED stand for?
FEED stands for Front-End Engineering Design, a critical phase in project development that involves the early design and planning processes to ensure feasibility and execution efficiency.
Who are the partners involved in this project?
The key partners in this project are Technip Energies and JGC Corporation, working together to deliver the design and engineering services required for the project.
How much LNG will the project produce?
The Abadi LNG project is anticipated to produce approximately 9.5 million tons of LNG annually.
What is Technip Energies' role in the project?
Technip Energies is responsible for providing essential FEED engineering services for both the FPSO vessel and the onshore LNG facility, leveraging their expertise in the LNG sector.
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