TOKYO -- A consortium including JGC has reached a 700 billion yen ($6.33 billion) deal to build a floating liquefied natural gas platform off the coast of Mozambique, as expected demand from emerging economies rekindles interest in LNG plants despite the fuel's languishing prices.
Developers on the project include the state-backed Italian oil and gas multinational Eni, plus China National Petroleum and Korea Gas. JGC will handle planning, procuring materials for and building the plant, together with French competitor TechnipFMC and South Korea's Samsung Heavy Industries. JGC will handle a roughly 150 billion yen portion of the contract. The plant is aimed to start operating in the early 2020s.
