Technip Energies: first NFE LNG train more than 50 percent complete

Technip Energies revealed this in its results report on Thursday saying that “first systems are energized”.

The company’s adjusted revenue in the first half increased by 16 percent year-over-year to about 2.2 billion euros ($2.37 billion) resulting from the continued ramp-up towards peak activity on the NFE project, a growing contribution from Qatar’s North Field South (NFS) project, as well as continued activity in downstream projects, it said.

In February 2021, Technip Energies, in a joint venture with the Japanese company Chiyoda, won the contract for the engineering, procurement, construction, and commissioning of the onshore facilities of the NFE project.

This contract covers the delivery of four “mega” trains, each with a capacity of 8 million tons per annum of LNG.

The new LNG plant will receive about 6 billion standard cubic feet per day of feed gas from Qatar’s North Field.

Technip Energies says NFE is the world’s largest LNG project to date.

Besides this project, QatarEnergy has last year awarded the $10 billion engineering, procurement, and construction contract for the NFS project to a joint venture of Technip Energies and Consolidated Contractors Company.

The scope covers the construction of two “mega” LNG trains with a capacity of 8 million tons per annum each.

This first phase of the expansion project will increase Qatar’s LNG production capacity from 77 to 110 mtpa, while the second phase will further boost capacity to total 126 mtpa.

In February this year, QatarEnergy also announced the North Field West project which will add 16 mtpa of LNG to the overall expansion of the North Field.

New LNG awards

In addition to the giant projects in Qatar, a joint venture led by Technip Energies recently secured the $5.5 billion EPC deal for Adnoc’s Al Ruwais LNG export terminal.

The LNG project will consist of two 4.8 mtpa trains with a total capacity of 9.6 mtpa, more than doubling Adnoc’s existing UAE LNG production capacity to around 15 mtpa, as the company builds its international LNG portfolio.

Technip Energies also won the the engineering, procurement, and construction (EPC) contract from TotalEnergies for the Marsa LNG project in Oman with an LNG production capacity of 1 mtpa.

Including these contracts, Technip Energies’ adjusted order intake for the first half of this year amounted to about 4 billion euros, equivalent to a book-to-bill of 1.3.

Adjusted backlog increased by 8 percent to 17 billion euros compared to December 31, 2023, equivalent to 2.8x FY 2023 revenue, Technip Energies said.