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Gladstone LNG contract award

Foster Wheeler Ltd. through its UK-headquartered subsidiary, Foster Wheeler Energy Limited, has been awarded a contract to undertake a six-month study for the pre-front-end engineering design (pre-FEED) for Santos Ltd.’s planned Gladstone LNG (GLNG) project in Queensland, Australia.

The proposed project is for a 3-4 million tonnes per annum LNG processing facility and associated infrastructure, with the GLNG facility being one of the first LNG facilities in the world to use coal-bed methane as a feedstock for LNG production.

The Foster Wheeler contract value, which was not disclosed, will be included in the company’s second-quarter 2008 bookings and reflects the group’s growing reputation in this field, with such contracts in Australia now mounting up.

Michael J. Beaumont, Chairman and CEO of Foster Wheeler Energy Limited, explained, “This latest LNG award, which is our fourth LNG award in Australia, reflects the depth of our liquefaction expertise, our detailed knowledge of the Australian market, and the added value and objectivity our Reading-based Midstream LNG Group is able to bring to the early stages of LNG project development.”

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