Fluor Clinches $3.5bn EPC Contract for Australian LNG project

January 18, 2011 | Budget & Investment, LNG & LPG

Fluor ConstructionFluor Corporation has won a $3.5bn engineering, procurement and construction (EPC) contract from Santos Ltd for its Gladstone Liquefied Natural Gas (GLNG) project in Queensland, Australia.

The EPC contract comprises of upstream facilities associated with the 7.8 million tonne-per-year liquefied natural gas (LNG) project that will extract and liquefy gas from coal deposits.

The company said that this extracted and liquified gas will be exported to Asia and other global markets.

Fluor’s Energy & Chemicals Group president Peter Oosterveer said that the company shares and the partners’ commitment to build this clean energy project with the highest performance in safety and project execution while maintaining the environmental standards.

Fluor was earlier awarded the upstream front-end engineering design contract in June 2009 by Santos for the GLNG project and the early works contract in May 2010.