Technip Energies and JGC Partner on Major LNG Project
Technip Energies and JGC Corporation Awarded Contract for Rovuma LNG
Technip Energies (PARIS: TE) along with JGC Corporation has recently secured the Front-End Engineering Design (FEED) contract for an exciting new project with ExxonMobil. This contract is part of the greater Mozambique Rovuma Venture (MRV), a collaborative effort that includes major players like ExxonMobil, Eni, and CNPC. The impressive Rovuma LNG project is set to take place on the Afungi peninsula, located in Northeast Mozambique.
Details and Scope of the Rovuma LNG Project
This ambitious LNG project is designed to feature an impressive production capacity of 18 million tons per annum (Mtpa), broken down into twelve modularized LNG trains, each producing 1.5 Mtpa. A key aspect of this project is the introduction of electric-driven LNG trains, which promises to significantly lower greenhouse gas emissions compared to traditional gas turbine technologies.
Innovative Design Features
The plant's design prioritizes efficiency and sustainability. By utilizing prefabricated and standardized modules, the project can achieve cost-effectiveness and reliable timelines for delivery. This approach signifies a leap forward in construction methods for major engineering projects.
Leadership Quotes Highlighting Commitment
Mario Tommaselli, Senior Vice President of Gas and Low Carbon Energies at Technip Energies, expressed his pride in being selected for this important project. He emphasized the importance of their expertise in modularization and electrification in supporting ExxonMobil and its partners in making a final investment decision. Tommaselli underlined the project’s potential to enhance Mozambique's economic growth by positioning it as a significant LNG exporter in Africa.
JGC’s Commitment to Sustainable Development
Farhan Mujib, the Representative Director and President of JGC, also shared his enthusiasm about the project. He remarked on the pressing global focus on energy transition and decarbonization, highlighting that this project aligns perfectly with the strategic goals of the JGC Group. Mujib noted that the project is expected to contribute positively to economic and industrial development not only in Mozambique but also in the broader East African region.
About Technip Energies
Technip Energies is a frontrunner in engineering and technology focused on the energy transition. With a strong foothold in crucial sectors like LNG, hydrogen, and ethylene, Technip is well-positioned to meet the growing demand for sustainable energy solutions. The company operates in 34 countries, employing around 16,000 dedicated professionals who are committed to manifesting clients' innovative projects into reality, ultimately advancing the energy transition.
About JGC Corporation
JGC Corporation has been a key player in plant and facility engineering since its inception in 1928. Specializing in energy-related industries, JGC has successfully delivered thousands of projects across various countries. Their expertise extends beyond LNG, including oil, natural gas, and petrochemical plants, marking their reputation as a top-tier engineering contractor on the global stage. JGC is committed to enhancing planetary health while driving sustainable industrial growth worldwide.
Company Contacts
Investor Relations: Phillip Lindsay
Media Relations: Jason Hyonne
Phone: +44 207 585 5051 / +33 1 47 78 22 89
Email: Phillip Lindsay / Jason Hyonne
Frequently Asked Questions
What is the Rovuma LNG project?
The Rovuma LNG project is a large-scale gas processing facility aimed at producing liquefied natural gas with a capacity of 18 Mtpa.
Who awarded the FEED contract for the Rovuma LNG project?
The FEED contract was awarded by ExxonMobil to Technip Energies and JGC Corporation.
What innovative features does the LNG plant include?
The plant will feature electric-driven LNG trains, which will help reduce greenhouse gas emissions significantly.
How many LNG trains will the Rovuma LNG project have?
The project will consist of twelve LNG trains, each with a production capacity of 1.5 Mtpa.
What are the broader impacts of the Rovuma LNG project?
The project aims to foster economic growth in Mozambique and strengthen its position as a significant LNG exporter in Africa.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Evolus Expands Stock Incentives to New Non-Executive Roles
- Legal Action Announced for Metagenomi Investors – Key Details
- Understanding Your Rights as an Allarity Therapeutics Investor
- Investors Urged to Explore Legal Action Against Flux Power
- Understanding the Class Action Against Metagenomi, Inc. MGX
- Metagenomi, Inc. Investors File Class Action Under SEC Laws
- UAW Advocates for Strike Authorization Amid Contract Disputes
- Investigation Launched Into Acadia Healthcare Company: Insights
- China's Shift to Local AI Chips and Impacts on Nvidia
- Unlock Conservation Funding for Sustainable Farming Practices
Recent Articles
- Exploring the Meteoric Rise of Solana Memecoins in 2024
- Volkswagen Confronts Labour Issues Amid Rising EV Costs
- U.S. Probes SAP and Carahsoft for Possible Price-Fixing Schemes
- Genespire Secures €46.6 Million to Propel Gene Therapy Forward
- Fingrid Implements Fee Increase to Enhance Electricity Services
- Technip Energies and JGC Team Up for Rovuma LNG Project
- ZORYVE Cream Shows Promise for Atopic Dermatitis Treatment
- Exploring Nemolizumab: Long-Term Impacts for Skin Conditions
- Biocon Biologics Unveils Promising Findings on Psoriasis Treatments
- Political Shifts and BOJ's Interest Rate Strategy Explained
- Vietnam's President To Lam Engages US Tech Giants for Growth
- Nvidia's CEO Suspension of Stock Sales Surprises Investors
- OKX Launches Exciting Campaign with 150,000 USDT Rewards!
- Mikko Rautiainen: From Struggles to Viral Stardom on Stage
- ASAA88 Revamps Its Gaming Portal for Enhanced User Experience
- Gold and Copper Prices Surge Amid Global Economic Shifts
- Analyzing Global Market Trends Amidst China's Stimulus Impact
- Serious Insider Trading Charges Against Foot Locker Executive
- Hyundai, Kia, and Samsung Team Up for Advanced Mobility Solutions
- Bitcoin Eyes Golden Cross, Ethereum and Binance Coin Trends Shift
- Invest in Leading AI Stocks: CrowdStrike and Spotify Now
- Unity Software's Path to Recovery: Future Prospects Explored
- Elon Musk Commends Nayib Bukele's Focus on Freedom in Speech
- Global Civilization Initiative: Advancing Humanity's Future
- Exploring the Global Security Initiative: China's Vision for Peace
- Governor Newsom Empowers Community Media with New Law
- Thailand's Ambitious $14 Billion Digital Wallet Program Unveiled
- Volkswagen Negotiates Pay Amid Plant Closure Concerns
- Volkswagen's Daniela Cavallo Faces Job Security Challenges
- Graduate Degrees: Balancing Costs and Benefits in Education
- FS Launches Cutting-Edge 400G and 800G AI Ethernet Switches
- McAfee Welcomes Justin Hastings as New Chief People Officer
- Entermind Expands Innovations in Generative AI for Youth
- Hyperlink InfoSystem to Showcase at GITEX Global 2024 Event
- UK Metals Expo 2024: A New Era for the Metals Industry
- AI Market Growth Expected to Soar Near $990 Billion by 2027
- 2024 Change the World List Recognizes Innovative Firms
- Investigation of SAP and Carahsoft for Price Manipulation
- Citi Improves Outlook for Chinese Electric Vehicle Makers
- Global Markets Rally on Chinese Stock Surge and Stimulus Measures
- Junshi Biosciences Gains EC Approval for Toripalimab
- Building Stronger Ties: China's Partnership with Africa
- Vanguard Fined $9 Million for Deceptive Ethical Investment Claims
- Huawei Launches Qingyun L540, Paving Way for Tech Autonomy
- Economist Disappears After Xi Criticism: Impact and Implications
- Berkshire Hathaway's Strategic Shift: Buffett Sells $863M in BAC
- Surge of Chinese Stocks Fuels Regional Markets and Currencies
- How Trade Restrictions Could Impact Luminar Technologies
- CrowdStrike Responds to Hearing: Commitment to Prevent Future Outages
- Hitachi Rail & Nvidia Collaborate on AI-Driven Tech for Trains