CB&I, a wholly owned unrestricted subsidiary of McDermott, has been awarded a significant* contract by Marsa Liquefied Natural Gas LLC, a joint venture between TotalEnergies and OQ for the engineering, procurement, construction (EPC) of a full containment concrete liquefied natural gas (LNG) storage tank, located in Oman's Port of Sohar.
Under the scope of the project, CB&I will provide turnkey EPC services for a 165,000m3 full containment concrete LNG storage tank and associated piping to grade. Project delivery will be executed in Oman, where CB&I has been continually present since 1968, with support from CB&I's Dubai office.
"Through this project, CB&I will contribute to the construction of one of the lowest GHG emissions intensity LNG plants ever built and the energy transition market in Oman," said Cesar Canals, President & CEO of CB&I. "It supports our ambition to build storage for projects that will help provide reliable energy to markets with a reduced environmental impact. It will also pave the way for similar storage opportunities in the future and continues our long history of execution excellence in the Middle East, specifically Oman."
Key data points: The growth forecast = 6.2% annually for the next 7 years. Scroll below to get more insights. This market report covers Trends, opportunity and forecast in liquefied natural gas (LNG) infrastructure market to 2031 by type (liquefaction terminal and regasification terminal), application (heavy-duty vehicles, electric power generation, and marine transport), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pagesWork is expected to commence with construction activities in the fourth quarter of 2024. The project is targeted for completion in 2028.
*CB&I defines a significant contract as between USD $100 million and $250 million.
