Technical engineering and consulting solutions provider NV5 Global has secured a liquefied natural gas (LNG) contract to provide engineering, procurement, and construction (EPC) from an undisclosed Eastern US natural gas firm.
Under the $34m contract, NV5 will upgrade the liquefaction system of an LNG facility.
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NV5 noted that the design work has already started on the new facility, which is anticipated for completion in 18 months.
NV5 chairman and CEO Dickerson Wright said: “The demand for new LNG facilities and upgrades to existing systems continues to grow. NV5 is well-positioned in this regard as demonstrated by high organic growth in the LNG sector.”
Liquefaction systems are generally used in the natural gas market to convert natural gas from a vapour to a liquid. These systems enable efficient storage and transportation.
According to the company, the new liquefier will replace an older system to increase capacity and reliability. It will also provide a safer and easier operation.
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By GlobalDataNV5 LNG Group president Peter Dirksen said: “This project is win-win for both NV5 and our client and leverages both our experience on a similar past project and a healthy, collaborative relationship.
“This project award strengthens our client relationship and builds upon our 40-year history in the LNG industry.”
Last month, NV5 secured a $6m contract to provide environmental consulting and inspection services for the replacement of 61-mile natural gas pipeline infrastructure in the US states of Ohio and Virginia.
This contract is expected to be completed within a period of 19 months.
