Fluor to consult on Lithuania LNG terminal project
VILNIUS. July 18 (Interfax) - U.S.-based Fluor Corporation has concluded a contract with Lithuania's Klaipedos nafta worth 11.2 million litai (about 3.244 million euro) to provide engineering and business support for the project to build a floating LNG regasification terminal in the port of Klaipeda.
The contract was signed on July 1, Klaipedos nafta said in a statement on Friday.
Fluor will provide design, risk management, safety and environmental protection services. It will prepare the technical plan and the business plan and help to select equipment for the regasification terminal. Fluor will also supervise technical implementation until start-up, scheduled no later than 2014.
The facility will have capacity for 2.2 billion-3 billion cubic meters (bcm).
The contract will come up for a vote at a Klaipedos nafta extraordinary shareholders' meeting on July 27.
The head of Klaipedos nafta, Rokas Masiulis, said previously that a floating terminal could be built faster and at less cost than an onshore facility. "Our goal is to have the terminal built quickly and cheaply. [The floating terminal] will cost roughly 200 million-300 million euro, according to preliminary calculations," he said.
Lithuania currently relies on Russia for 100% of its natural gas needs. It imported 3.1 bcm last year.
Fluor's previous operations in Lithuania, include an EPC contract on the oil terminal at Butinge for Mazeikui Nafta in 1999 and development of the feasibility study for expansion of the oil terminal at Klaipeda for the Energy Ministry.
The state owns 70.63% of Klaipedos nafta and Achemos grupe has 9.58%.
The litas is pegged at 3.4528 litai/1 euro.