JGC Wins LNG Plant Contract in Mozambique

Economy

Tokyo, Oct. 9 (Jiji Press)--Japanese engineering company JGC Holdings Corp. <1963> said Wednesday that it has won a contract for a project to build a liquefied natural gas plant in Mozambique.

The value of the deal was not disclosed. The overall cost of the project is estimated at some 1.2 trillion yen and JGC is believed to have been awarded a contract worth 400 billion yen.

The LNG plant, which is expected to start production in 2025, will be chiefly operated by U.S. oil major Exxon Mobil Corp.

In the project, JGC will construct a natural gas liquefaction facility with an annual production capacity of over 15 million tons and a gas storage facility. The company will also be in charge of engineering, procurement and construction for an LNG shipment facility.

In 2017, JGC won a contract for building an offshore LNG plant in Mozambique.

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