CB&I to build storage tank for Marsa LNG project in Oman
SUMMARY
Anticipated to commence LNG production by the first quarter of 2028, the Marsa LNG project will tap into the burgeoning LNG bunkering market in the Gulf region.
By Shardul SharmaCB&I, a wholly owned subsidiary of McDermott, has clinched a contract to construct a full containment LNG storage tank for the Marsa LNG project in Oman, McDermott announced on May 8.
The contract, considered "significant" by McDermott, falls within the range of $100mn to $250mn. Under the terms of the agreement, awarded by Marsa Liquefied Natural Gas, a joint venture between TotalEnergies and OQ, CB&I will provide turnkey engineering, procurement, and construction (EPC) services for a 165,000 m3 full containment concrete LNG storage tank, along with associated piping to grade.
Project activities will be conducted in Oman, with construction slated to commence in the fourth quarter of 2024.
TotalEnergies, a French multinational, recently greenlit the final investment decision on the Marsa LNG project. Anticipated to commence LNG production by the first quarter of 2028, the project will tap into the burgeoning LNG bunkering market in the Gulf region. With a focus on meeting the growing demand for LNG as a marine fuel, the project aims to bolster regional energy infrastructure and support sustainable shipping practices.
Upon completion, the Marsa LNG project will primarily cater to the marine bunkering sector, with any surplus LNG allocated between TotalEnergies (80%) and OQ (20%).
In a related development, Oman's Sohar Port and Freezone recently inked an agreement with Marsa LNG to collaborate on a $1.6bn LNG liquefaction project at Sohar Port.
