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Saipem and the Japanese Chiyoda Corporation reached a cooperation agreement

June 06/2011

(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.


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