JGC, Fluor reportedly awarded $14bn EPC contract by LNG Canada
According to media outlet Nikkei Asian Review, Japanese engineering company JGC and US firm Fluor have been awarded a $14bn engineering, procurement and construction (EPC) contract for the design and construction of a major liquefied natural gas (LNG) project in Canada.
The contract has allegedly been awarded by LNG Canada, a joint venture comprised of Shell, PetroChina, KOGAS and Mitsubishi, with the JGC-Fluor consortium having been shortlisted for the contract in February alongside a partnership between TechnipFMC and KBR.
“LNG Canada will be in a position to make a public announcement of its preferred EPC contractor as soon as we receive final approval from our joint venture participants,” the company said in an emailed statement to Business in Vancouver. “Until then, LNG Canada cannot comment further.”
The project will see the selected contractors building a new LNG export facility in Kitimat, British Columbia that could boost global LNG supply by up to 10%.
Shell holds the majority stake in the project with 50%, alongside PetroChina (20%), KOGAS (15%) and Mitsubishi (15%).
In total, it is expected that project will cost $40bn – the country’s largest ever – with the partners previously having delayed the project in 2016 after energy prices declined and demand weakened.
With construction set to start later this year, it is forecast that the facility will be fully complete and operational by 2024.
Skanska secures $84m Portland Airport upgrade contract
Skanska's share of the contract amendment is worth US$84M, which will be included in the US order bookings for the second quarter.
The amendment includes work on the Terminal Core Expansion project, comprising structural, mechanical and electrical work and enclosure. Construction is underway and scheduled for completion by 2025.
With annual travelers expected to climb to 33 million by 2045, the Terminal Core Redevelopment project is a vital expansion that ensures PDX will be able to serve the community well into the future.
Hoffman will install a new 9-acre large-span roofing system over the entire terminal core complex, build a 150-foot multi-floor addition between Concourses C and D, and add new pre- and post-security concessions.
The renovated passenger entry terminal will double the size of the current ticketing and lobby area when it opens in 2025. It is also replacing 16 old passenger boarding bridges plus equipment throughout the PDX concourses. Gate count is critical for PDX operation, so the team must coordinate with each airline to replace one bridge at a time. In addition, Hoffman is rebuilding and enlarging Concourse B. The project is targeting LEED Gold.
Skanska USA recorded sales of SEK66 billion in 2020 and has about 7,600 employees in its operations.
In other recent developments:
- Skanska has sold an elderly care home in Sollentuna outside Stockholm, for about SEK280M, to Altura and lease agreements have previously been signed with Nytida and Vardaga.
- The group has also divested a residential project consisting of rental apartments, senior apartments and a home for people with special needs in Malmö, to Bantorget Hyresbostäder for SEK300M.
- Skanska has joined the climate initiative Leadership Group for Industry Transition (LeadIT) that gathers countries and leading companies committed to action to achieve the Paris Agreement.
- Skanska has, through Cementation Skanska, signed a contract with the Skanska Costain STRABAG joint venture for major piling works for the London Tunnels section on the HS2 high speed railway.