The consortium formed by Ishikawajima-Harima Heavy Industries (IHI) and
ICA Fluor today announced that it has entered into a lump-sum, turnkey
agreement with Terminal de LNG de Altamira S de RL de CV, for the
construction of the first Mexican liquefied natural gas (LNG)
regasification terminal. The contract value for the consortium is
approximately US$ 250 million.
The facility, to be located in the port of Altamira, Tamaulipas, on
Mexico's Gulf coast, will have an initial capacity of 650 million cubic
feet per day, with provisions for future expansion.
The project will be constructed over 36 months and includes design,
engineering, procurement, construction and start-up services. IHI is the
consortium representative and the technical leader. ICA Fluor will act
as the overall project manager and provide all local services. The
facility will include LNG unloading and ship berthing facilities,
storage consisting of two 150,000 cubic meter double containment LNG
tanks, regasification, send-out installations and all related utilities.
The engineering for the project will be done mainly in Mexico and will
create regional employment opportunities for some 1,500 construction
workers at the peak.
Terminal de LNG de Altamira is a joint venture company owned by the
Royal Dutch / Shell Group and the Total Group.
IHI, founded in Japan in 1853, provides technology-oriented products and
services to the industrial, private and public sectors and has a network
of 33 offices and subsidiary companies acting worldwide.
ICA Fluor is jointly owned by Fluor Corporation (NYSE: FLR) and Empresas
ICA Sociedad Controladora (NYSE: ICA; BMV) and is the leading industrial
engineering company in Mexico, dedicated to the engineering,
procurement, and construction of telecommunication installations and
chemical, petrochemical, automotive, refinery, electricity generation
plants.
Founded in Mexico in 1947, ICA has completed construction and
engineering projects in 21 countries. ICA's principal business units
include civil construction and industrial construction. Through its
subsidiaries, ICA also manages airports and operates specialized port
terminals, tunnels, highways, and municipal services under government
concession contracts and/or partial sale of long term contract rights.
For more information, visit www.ica.com.mx
Fluor Corporation (NYSE: FLR) provides services on a global basis in the
fields of engineering, procurement, construction, operations,
maintenance and project management. Headquartered in Aliso Viejo,
Calif., Fluor is a Fortune 500 company with revenues of $10 billion in
2002. For more information, visit www.fluor.com
For further information please contact: Media Relations, Jerry Holloway,
+1-949-349-7411, or Lori Serrato, +1-949-349-7420, or Investor
Relations, Lila Churney, +1-949-349-3909, fax +1-949-349-5375, all of
Fluor Corporation
Media Relations, Jerry Holloway, +1-949-349-7411, or LoriSerrato, +1-949-349-7420, or Investor Relations, Lila Churney,+1-949-349-3909, fax +1-949-349-5375, all of Fluor Corporation