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Press Release

Technip led joint venture awarded contract for Freeport LNG terminal in the USA

January 14, 2005

Technip in joint venture with Zachry Construction Corporation and Saipem has been awarded by Freeport LNG Development an EPC contract for a new Liquefied Natural Gas receiving terminal to be located in Quintana Island near Freeport, Texas (USA).

The Freeport LNG terminal, with a capacity of 1.5 billion cubic feet per day, is being developed in response to the growing need for new natural gas supplies for commercial, industrial and residential consumers in Texas.

The lump sum turnkey contract includes engineering, procurement, construction, pre-commissioning, commissioning and start up. This fast-track project is scheduled for completion in 2008. It has recently received the necessary approvals from the Federal Energy Regulatory Commission (FERC).

This significant project illustrates Technip’s strategy to position itself as a major player in the LNG industry, notably in the United States where many LNG terminal projects will be developed in the years to come.

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