NV5 clinches $25 million US LNG gig

US engineering firm NV5 Global said it has secured a $25 million contract from a “prominent Northeast utility” to provide engineering, procurement, and installation of a new LNG vaporization system at the utility’s plant.

The new vaporization system would replace the existing system at the facility to increase storage capacity and reliability, NV5 said in a statement on Thursday.

Also, the system would provide additional operational flexibility for the storage and delivery of natural gas to the utility’s service area.

NV5 said it has already started the design phase of the 20-month project.

It expects to complete the new vaporization system in the fourth quarter of 2023.

NV5 did not provide additional information.

Following a $39 million deal in January, this marks the second LNG contract the company has revealed this year.

Last year, NV5 secured three contracts for LNG infrastructure.

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