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(Arabian Oil and Gas) --
Saipem and the Japanese company, Chiyoda Corporation, have reached a cooperation
agreement to develop onshore Liquefied Natural Gas (LNG) and Upstream projects.
According to the agreement, Saipem and Chiyoda will collaborate on an exclusive
basis as an integrated JV to develop onshore LNG and Gas Treatment projects
worldwide, excluding certain specific regions, as well as Upstream projects on a
case by case basis.
Chiyoda Corporation is one of the largest global engineering companies
operating in the field of onshore LNG plants, as well as upstream and downstream
EPC projects. It has an impressive track record and expertise, and record
especially in the field of onshore LNG plants.
Through the agreement, the two companies will be able to integrate their
own skills developed in Oil & Gas contracting and, in particular, those in
the gas monetization chain, to tackle the rapidly expanding LNG and Upstream
sector and other strategic markets.
mrcplast.com
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