Foster Wheeler wins FEED work for LNG project in Russia

04 November 2013 13:55  [Source: ICIS news]

LONDON (ICIS)--Foster Wheeler has been chosen to undertake the initial phase of the front-end engineering design (FEED) for a proposed liquefied natural gas (LNG) project in Russia, the Switzerland-based international petrochemicals engineering firm said on Monday.

A subsidiary of Foster Wheeler’s Global Engineering and Construction Group was awarded the contract by Russia-based Rosneft and US-based energy and petrochemicals major ExxonMobil.

The value of the award was not disclosed.

Foster Wheeler will undertake preliminary engineering and execution planning for the LNG plant and associated gas pipelines, infrastructure and marine facilities.

“The work will include location and concept studies, design basis definition, main technical solutions development, constructability assessment, definition of project execution strategies and preparation of preliminary information for submission to the Russian authorities,” the company said.

Foster Wheeler said it is one of two companies to be awarded separate contracts for the initial FEED work prior to selection of a single contractor for the second FEED phase.

Igor Sechin, Rosneft president, said: “With our initial FEED contractors on board now we will see the project begin to take shape in a matter of months.

“We are taking a determined approach with this project to help monetise the gas resources of Russia,” he added.

By: Franco Capaldo
+44 (0)20 8652 3214

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