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Mexico's ICA, Japan Ishikawajima-Harima Get $250 Million LNG Job
12-18-03 07:59 PM EST
MEXICO CITY -(Dow Jones)- A Mexican, U.S. and Japanese consortium has won a $ 250 million contract to build a liquefied natural gas terminal in northeastern Mexico for a joint-venture between Royal Dutch/Shell(NYSE:RD) Group (RD) and France's Total SA (TOT).
ICA Fluor, a joint-venture between Mexican engineering and construction company Empresas ICA(NYSE:ICA) SA (ICA) and Fluor Corp(NYSE:FLR) (FLR) of the U.S., joined with Japan's Ishikawajima-Harima Heavy Industries (7013.TO) to build the regasification terminal, the first of several planned in Mexico.
The facility will be located at Altamira, a port on Mexico's Gulf coast, and will have an initial capacity of 650 million cubic feet a day of natural gas, ICA said Thursday in a press release.
It's the third major energy sector contract that ICA has been awarded this year. The company is part of a consortium that won a $500 million contract to develop oil fields for state oil monopoly Petroleos Mexicanos(YY), or Pemex (PEM.YY) , and another that won a $750 million contract to build a hydroelectric dam for the Federal Electricity Commission, or CFE, as Mexico's state power utility is known.
The LNG terminal is a turnkey project, and is expected to take three years to complete, ICA said. The facility will also include LNG unloading and ship berthing facilities, and two 150,000 cubic-meter, double-containment LNG storage tanks.
In a separate release, Shell said the terminal is expected to begin operations in the second half of 2006. Its main customer will be the Federal Electricity Commission, which earlier this year awarded the company a supply contract for 500 million cubic feet a day of natural gas.
The LNG terminal is the first of several being planned for Mexico. The Energy Regulatory Commission has also granted permits for three others in Baja California on the Pacific coast. Those projects are being led by Sempra Energy(NYSE:SRE) ( SRE), Shell, and Marathon Oil Corp.(NYSE:MRO) (MRO).
Tractebel Mexico, a unit of French utilities giant Suez (SZE), is working on a project to build an LNG terminal at Lazaro Cardenas, an industrial port farther down the Pacific coast.
High natural gas prices and future supply concerns in North America have led to a proliferation of projects to import LNG, which is natural gas condensed into liquid form at very low temperatures to a volume 600 times smaller than in its gaseous state.
Mexico currently produces 4.5 billion cubic feet a day of natural gas, but its imports have been increasing as demand races ahead of Pemex's ability to produce. Mexico imported close to 750 million cubic feet a day in the first 10 months of this year.
The LNG terminals planned for Baja California will also sell gas to the U.S. market.
-By Anthony Harrup, Dow Jones Newswires; (5255) 5080-3450, anthony.harrup@ dowjones.com
-Edited by Tracy Gan
Dow Jones Newswires
12-18-03 1959ET
und jetzt kam diese News :
General Electric und der japanische Maschinenbauer Ishikawajima-Harima Heavy Industries haben eine Kooperation zur Entwicklung einer neuen Jet-Turbine bekannt gegeben. Kunde ist ein chinesisches halbstaatliches Konsortium, das in den nächsten Jahren Regionaljets im Wert von 604 Millionen bestellen will. IHI erwartet langfristig allein aus dem Turbinengeschäft in den nächsten 20 Jahren Umsätze in Höhe von 931 Millionen Dollar.
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hier sollten enige Prozente drin sein !
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Kurs aktuell : 0,94 Euro !!
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Mexico's ICA, Japan Ishikawajima-Harima Get $250 Million LNG Job
12-18-03 07:59 PM EST
MEXICO CITY -(Dow Jones)- A Mexican, U.S. and Japanese consortium has won a $ 250 million contract to build a liquefied natural gas terminal in northeastern Mexico for a joint-venture between Royal Dutch/Shell(NYSE:RD) Group (RD) and France's Total SA (TOT).
ICA Fluor, a joint-venture between Mexican engineering and construction company Empresas ICA(NYSE:ICA) SA (ICA) and Fluor Corp(NYSE:FLR) (FLR) of the U.S., joined with Japan's Ishikawajima-Harima Heavy Industries (7013.TO) to build the regasification terminal, the first of several planned in Mexico.
The facility will be located at Altamira, a port on Mexico's Gulf coast, and will have an initial capacity of 650 million cubic feet a day of natural gas, ICA said Thursday in a press release.
It's the third major energy sector contract that ICA has been awarded this year. The company is part of a consortium that won a $500 million contract to develop oil fields for state oil monopoly Petroleos Mexicanos(YY), or Pemex (PEM.YY) , and another that won a $750 million contract to build a hydroelectric dam for the Federal Electricity Commission, or CFE, as Mexico's state power utility is known.
The LNG terminal is a turnkey project, and is expected to take three years to complete, ICA said. The facility will also include LNG unloading and ship berthing facilities, and two 150,000 cubic-meter, double-containment LNG storage tanks.
In a separate release, Shell said the terminal is expected to begin operations in the second half of 2006. Its main customer will be the Federal Electricity Commission, which earlier this year awarded the company a supply contract for 500 million cubic feet a day of natural gas.
The LNG terminal is the first of several being planned for Mexico. The Energy Regulatory Commission has also granted permits for three others in Baja California on the Pacific coast. Those projects are being led by Sempra Energy(NYSE:SRE) ( SRE), Shell, and Marathon Oil Corp.(NYSE:MRO) (MRO).
Tractebel Mexico, a unit of French utilities giant Suez (SZE), is working on a project to build an LNG terminal at Lazaro Cardenas, an industrial port farther down the Pacific coast.
High natural gas prices and future supply concerns in North America have led to a proliferation of projects to import LNG, which is natural gas condensed into liquid form at very low temperatures to a volume 600 times smaller than in its gaseous state.
Mexico currently produces 4.5 billion cubic feet a day of natural gas, but its imports have been increasing as demand races ahead of Pemex's ability to produce. Mexico imported close to 750 million cubic feet a day in the first 10 months of this year.
The LNG terminals planned for Baja California will also sell gas to the U.S. market.
-By Anthony Harrup, Dow Jones Newswires; (5255) 5080-3450, anthony.harrup@ dowjones.com
-Edited by Tracy Gan
Dow Jones Newswires
12-18-03 1959ET
und jetzt kam diese News :
General Electric und der japanische Maschinenbauer Ishikawajima-Harima Heavy Industries haben eine Kooperation zur Entwicklung einer neuen Jet-Turbine bekannt gegeben. Kunde ist ein chinesisches halbstaatliches Konsortium, das in den nächsten Jahren Regionaljets im Wert von 604 Millionen bestellen will. IHI erwartet langfristig allein aus dem Turbinengeschäft in den nächsten 20 Jahren Umsätze in Höhe von 931 Millionen Dollar.
© BörseGo
hier sollten enige Prozente drin sein !
Kurs aktuell : 0,94 Euro !!
Gruß
leo
