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| April 21, 2005 No.1058 | ||
| Brindisi LNG of Italy Awards EPC Contract for the LNG Terminal to the International Consortium, Including Tecnimont, GLF, VICNI and MHI |
| Tokyo, April 21, 2005 - The international consortium, including Mitsubishi Heavy Industries, Ltd. (MHI), has made a formal contract with Brindisi LNG S.p.A. of Italy for an engineering, procurement and construction (EPC) contract of the liquefied natural gas (LNG) regasification terminal in Italy. Brindisi LNG is a 50-50 joint venture between BG Group plc and Enel S.p.A. The gross capital expenditure for the terminal project is estimated to be approximately 390 million euro. |
The international consortium is led by Tecnimont S.p.A, a major engineering company in Italy, and comprises Italian firms Grandi Lavori Fincosit S.p.A. (GLF) and Consorzio Cooperativa Costruttori (CCC); French companies Vinci Construction Grands Projets SAS and Sofregaz S.A.; and MHI. Tecnimont and Sofregaz will undertake regasification process work while GLF and CCC will perform marine-civil work. MHI and Vinci are responsible for two LNG storage tanks work, which constitute core facilities of the terminal. The large-scale LNG terminal will be constructed in the port of Brindisi, in the area of Capo Bianco, southern part of Italy. The LNG terminal will have capacity to receive 6 million tons of LNG per year and to send out 8 billion cubic meters of regasified LNG a year. The two above-ground LNG tanks will have a storage capacity of 160,000 kiloliters each. The terminal is scheduled to become operational in 2008. Brindisi LNG awarded the EPC contract to the consortium due to its tender stronger than any other competing team. MHI believes its proven record and technical expertise in construction of above-ground large LNG tanks in Egypt and Qatar contributed to the tank order. MHI is the first Japanese company to receive an LNG tank order from Italy. Consumption of LNG is expanding sharply in recognition of its environmental advantages, emitting no sulfur oxide and less carbon dioxide than other fossil fuels. This increasing demand is driving plans for construction of LNG terminals worldwide, and for MHI, this Italian order follows an order in January this year for an LNG regasification terminal project near Ensenada, Mexico, in which MHI is also responsible for LNG storage tanks. On the strength of these successive orders, MHI aims to further strengthen its LNG tank marketing activities in LNG regasification terminal and gas liquefaction facility projects planned worldwide. # # #
About Mitsubishi Heavy Industries Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers, with consolidated sales of 2,373 billion yen in fiscal 2003 (year ended March 31, 2004). MHI's diverse lineup of products and services encompasses shipbuilding, steel structures, power plants, chemical plants, steel plants, environmental equipment, industrial and general machinery, aircraft, space rocketry and air-conditioning systems. For more information, please visit the MHI website (http://www.mhi.co.jp). PRESS CONTACT: Hideo Ikuno: h.ikuno@daiya-pr.co.jp Tel: +813-6716-5277, Fax: +813-6716-5929 Daiya PR (in charge of public relations for Mitsubishi Heavy Industries, Ltd.) |
