WorleyParsons Wins FEED Contract for Vladivostok LNG

Gazprom subsidiary, VNIPIgazdobycha, has appointed WorleyParsons as their engineering contractor for the development of a major Russian LNG production and export facility “Vladivostok LNG”. The development forms part of the Russian Government’s strategy to substantially expand the eastern portion of the country’s unified gas supply system.

The expected revenue to WorleyParsons from the project is RUR 2.19 billion (AUD 70 million), which includes the FEED (front-end engineering design) deliverables for two 5MTPA LNG trains with supporting utilities and infrastructure including loading terminal topsides. WorleyParsons’ task is to deliver the FEED documentation and provide on-going technical support during the State Expertiza review phase. FEED deliverables are expected to be completed in Q3-Q4 2014.

VNIPIgazdobycha conducted an extensive and competitive selection process of leading western and Russian engineering and project delivery companies. WorleyParsons was selected due to its modularization expertise, availability of leading LNG specialists and extensive 20 year experience in Russia.

“The Vladivostock LNG facility will provide a major boost to Gazprom’s supply to key Asia-Pacific markets and customers. Naturally, we are honoured to have been selected for such a critical project,” commented Andrew Wood, Chief Executive Officer, WorleyParsons. “We look forward to working with VNIPIgazdobycha and Gazprom helping them achieve their important goals.”

For more information about related Opportunities and Key Players visit Caspian Region Projects