Foster Wheeler Ltd. said Tuesday that its Madrid-based subsidiary Foster Wheeler Iberia, S.A.U., part of its Global Engineering and Construction Group, has been awarded a contract by the Canadian company, SNC-Lavalin Services Limited, for part of the front-end engineering design (FEED) of a new liquefied natural gas (LNG) regasification terminal in Swinoujscie, Poland, to be owned by Polskie LNG SP. z.o.o.
The Foster Wheeler contract value was not disclosed. The project was included in the company's first-quarter 2008 bookings.
"We are delighted to have been selected by SNC-Lavalin to be a participant in the FEED for this gas-related project that Foster Wheeler has won in Poland. This latest LNG award further confirms Foster Wheeler Iberia's position as one of the leading engineering companies in the LNG field," said Jesus Cadenas, chief executive officer of Foster Wheeler Iberia, S.A.U. "Our company is also currently involved in two LNG terminal projects in Spain for Enagas, and we are proud of having participated in most of the LNG terminals already in operation in Spain."
The initial regasification capacity of the Polish LNG terminal will be 5.0 billion normal cubic meters per year of natural gas and the facility is anticipated to include two LNG tanks, each of 160,000 cubic meters capacity. The FEED is expected to be completed in the last quarter of 2008.
SNC-Lavalin is the main contractor for the FEED of the new regasification terminal.
Foster Wheeler Ltd. is a global company offering, through its subsidiaries, a broad range of engineering, procurement, construction, manufacturing, project development and management, research and plant operation services. Foster Wheeler serves the upstream oil and gas, LNG and gas-to-liquids, refining, petrochemicals, chemicals, power, pharmaceuticals, biotechnology and healthcare industries. The company is based in Hamilton, Bermuda, and its operational headquarters are in Clinton, N.J.