This story requires a subscription
This includes a single user license.
According to a statement by Yokogawa Corporation of America, the company won the contract from Commonwealth LNG’s EPC contractor Technip Energies.
Under this agreement, Yokogawa will deliver a comprehensive scope as MAC, including engineering and design services, the delivery of an integrated control and safety system (ICSS), system integration, and project execution support.
The scope also includes integration of multiple third-party subsystems and advanced automation applications.
Yokogawa did not reveal the contract price.
In May this year, US investment firm Kimmeridge and its partners UAE’s Mubadala Energy and Canada Pension Plan Investment Board recently made a positive final investment decision (FID) on the Commonwealth LNG export project.
Technip Energies also received full notice to proceed for a “major” EPC contract with Commonwealth LNG, worth above 1 billion euros ($1.14 billion) of revenue.
Mubadala Energy, which already holds a 24.1 percent stake in Kimmeridge’s Caturus platform comprised of Commonwealth LNG and Caturus’ upstream operations, is also an equity participant in the project’s financing.
Canada Pension Plan Investment Board (CPP Investments) will contribute $1.2 billion in financing to increase its total stake in the Caturus platform to 31 percent, including previous investments.
Phase 1 development is expected to generate more than $3 billion in annual export revenue when operations commence in 2030, according to the partners.
