Press Releases - Contracts


Paris, April 27, 2005

Technip awarded feed contract for Mississipi LNG terminal (USA)

Technip has been awarded, by Gulf LNG Energy LLC, a design-phase contract for a new liquefied natural gas (LNG) import terminal. The contract covers the front end engineering (FEED) of the terminal, which is planned to be located in Pascagoula, Mississippi, USA.

The project includes a new marine dock capable of handling 250,000 m3 LNG tankers, the unloading system, 2 full containment storage tanks each with 160,000 m3 capacity and the sendout system capable of a daily rate of 1.5 billion cubic feet.

The project will be subject to the complex permitting process in force in the United States. Pending the results of this process, Gulf LNG Energy hopes to begin construction in 2006 with the commissioning of the terminal slated for mid-2009. The project represents an overall total investment estimated at more than USD 450 million.

 

With a workforce of about 19,000 persons, Technip ranks among the top five corporations in the field of oil, gas and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York and Paris. The Group’s main engineering and business centers are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the United States, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. The Group has high-quality industrial and construction facilities in France, Brazil, the UK, the USA, Finland and Angola as well as a world-class fleet of offshore construction vessels.

 

Technip Public Relations

Laurence Bricq: Ph. +33 (0) 1 47 78 26 37 Fax: +33 (0) 1 47 78 24 33 lbricq@technip.com

Marina Toncelli: Ph. +33 (0) 1 47 78 66 69 Fax: +33 (0) 1 47 78 24 33 mtoncelli@technip.com

 

Technip Investor and Analyst Relations

G. Christopher Welton: Ph. +33 (0) 1 47 78 66 74 Fax: +33 (0) 1 47 78 67 58 cwelton@technip.com

Xavier d’Ouince: Ph. +33 (0) 1 47 78 25 75 Fax: +33 (0) 1 47 78 67 58 xdouince@technip.com

 

Technip trades under the symbol TKP on the NYSE and under the ISIN FR0000131708 on the Euronext.