GE to Supply Services for One of World's Fastest Growing LNG Plants; Nigerian Facility to Meet 13% of World's LNG Needs
ATLANTA--(BUSINESS WIRE)--Aug. 4, 2003--
GE Power Systems hassigned a 28-year contractual service agreement (CSA) to provide maintenance and other services to Nigeria LNG Limited for as many as 22 gas turbines and 18 compressors at one of the world's fastest growing natural gas liquefaction plants, located on Bonny Island in Rivers State, Nigeria. Nigeria LNG is a joint venture among the Nigerian National Petroleum Corporation, Shell Gas B.V., TotalFinaElf LNG Nigeria Limited and Agip International. The Bonny Island plant began operation with two compression trains in 1999. Through a series of expansions, the plant is being increased to five trains, with an additional sixth train in the planning stages. Once completed, the total capacity of the LNG facility will be more than 23 million tons of LNG per year. With the addition of trains four and five, the facility will be the world's third largest LNG plant and will meet 13% of the world's LNG requirements. It is supplying LNG to many of the world's major markets, including France, Spain, Italy, Turkey and the U.S. The new CSA extends an existing agreement for compression trains one and two from six to 28 years. The agreement also includes train three, which recently completed start-up and is entering commercial operation, and trains four and five, which are under construction. In addition, the contract includes an option for train six, which is planned for future construction. Trains 1-5 at the Bonny Island facility include eight Frame 6B gas turbines being used for power generation, and three Frame 6Bs and seven Frame 7Es operating in mechanical drive mode. All of the gas turbines were supplied by GE Power Systems. Also included under the CSA are nine compressors provided by GE and six units provided by other manufacturers. If it is built, train six could add four gas turbines and three compressors to the total of units covered under the CSA. We are very pleased with the opportunity to support one of the world's most significant LNG projects with our latest technology and service offerings, said Michael Kalmes, general manager of GE Power Systems' Contractual Services business. Through this agreement, we will be playing a major role in helping to make this facility competitive over the long term in the global LNG industry.
GE will provide parts, repairs and services for all the planned and unplanned outage work for all the turbines and compressors during the length of the agreement. GE currently has CSAs and other service agreements in place at more than 600 sites around the world. About GE Power Systems GE Power Systems (www.gepower.com) is one of the world's leading suppliers of power generation technology, energy services and management systems, with 2002 revenues of nearly $23 billion. Based in Atlanta, Georgia, GE Power Systems provides equipment, service and management solutions across the power generation, oil and gas, distributed power and energy rental industries.
--30--AK/at*
CONTACT: GE Power Systems, Atlanta
Dennis Murphy, 770-859-6948
or
Masto Public Relations
Ken Darling or Howard Masto, 518-786-6488
KEYWORD: GEORGIA INTERNATIONAL AFRICA/MIDDLE EAST
INDUSTRY KEYWORD: UTILITIES OIL/GAS ENERGY MARKETING AGREEMENTS
SOURCE: GE Power