QatarEnergy selects India’s L&T for gas project

A subsidiary of state-owned QatarEnergy has reportedly awarded an engineering, procurement, construction and installation (EPCI) contract to India’s Larsen & Toubro for the second phase of the North Field Production Sustainability (NFPS) project.

Larsen & Toubro Energy Hydrocarbon received a letter of intent from QatarEnergy LNG for the work, which has an estimated value of $4 billion-$5 billion, MEED reported, citing unnamed sources.

The package includes building two large gas compression systems, compression platforms, flare gas platforms and other associated structures, the report said.

The second NFPS phase aims to build gas compression facilities to help increase gas production from the offshore North Field gas reserve over the long term.

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Italian energy contractor Saipem is executing the engineering, procurement, construction and installation works on the first phase of the NFPS project, MEED said.

Shares of Bombay Stock Exchange-listed L&T were trading 2 percent higher at INR3,480 ($40.54) in early trade on Monday.