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CB&I said on Thursday it had been awarded a “substantial” lump sum contract by the TJN Ruwais JV, which consists of Technip Energies, Japan’s JGC, and UAE’s National Petroleum Construction Company.
According to CB&I, which is now owned by a consortium of financial investors led by New York-based Mason Capital Management, the contract is worth between $250 million and $500 million.
Under the contract, CB&I will deliver two 180,000-cbm full containment concrete LNG tanks, including all piping and civil infrastructure.
Project delivery will be led from CB&I’s UAE office for tank construction, Plainfield, USA office for engineering, and CB&I’s Saudi Arabia and Thailand offices will provide fabrication and modularization support, respectively.
CB&I expects to start construction activities in November 2025, while project completion is targeted in early 2028.
In June 2024, Adnoc announced the final investment decision on the Ruwais project and the EPC award to the joint venture led by Technip Energies.
Besides this EPC deal, Adnoc Gas also awarded US energy services firm Baker Hughes a contract for the LNG export terminal.
Baker Hughes will provide two electric liquefaction systems (e-LNG) for the Ruwais LNG project.
Moreover, Adnoc signed two definitive agreements for the supply of LNG from the 9.6 mtpa Ruwais LNG project.
These include deals with Malaysia’s Petronas and with German gas importer Securing Energy for Europe (SEFE).
To date, over 8 mtpa of the LNG project’s production capacity has been committed to international customers through long-term agreements, Adnoc said.
BP, Mitsui & Co., Shell, and TotalEnergies agreed to buy a 10 percent equity stake in Adnoc’s LNG export terminal.
Adnoc will retain a 60 percent majority stake and sell it to its unit Adnoc Gas for about $5 billion.
