Black and Veatch wins India's first floating LNG project

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Black and Veatch wins India’s first floating LNG project

Black & Veatch will deliver critical elements of India’s first floating storage and regasification unit (FSRU) liquefied natural gas (LNG) import terminal. The project will help develop the Indian gas market, which is projected to be one of the fastest growing in the world during the next two decades.

Swan LNG Private Limited (a subsidiary of Swan Energy Limited) has awarded Black & Veatch the engineering, procurement and construction (EPC) contract to deliver the jetty topside and onshore LNG facilities for the 5 million metric tonnes per annum (MMTPA) plant at Jafrabad in Gujarat. The new FSRU will be moored to a fixed jetty and regasify imported LNG to enable distribution by pipeline and road tanker. The facility is expected to go on-stream by early-2020.

Rajiv Menon, Managing Director, Black & Veatch India said, “The Indian government aims to significantly increase LNG import capacity by 2022. This project is a major step in this direction.”

“The Jafrabad project, along with the Indian Oil Corporation’s LNG receiving terminal project at Ennore, signifies the trust placed by the industry in Black & Veatch to deliver LNG projects.”

Rajiv Menon, Managing Director, Black & Veatch India.

The Indian oil & gas team is a Black & Veatch centre of excellence that has helped the company deliver the world’s first commercially proven FLNG facility, and the first conversion of an LNG carrier to a floating liquefied natural gas vessel. These world-class skills will now be used to develop India’s domestic LNG import infrastructure.

Black & Veatch – a global engineering, procurement and construction company – has been serving communities in India for the last 90 years; undertaking energy, oil & gas and water and sanitation projects.

In the last three years Black & Vetch has doubled its Indian workforce to more than 750. The company envisages employing circa 1,500 Indian professionals by 2020.

Black & Veatch’s Oil & Gas business is a global leader in gas processing, sulfur recovery, gasification and LNG technologies.

About Swan

Swan Energy Limited was incorporated in 1909 as Swan Mills Ltd, a manufacturer and marketer of cotton and polyester textile products in India. Today it is owned and managed by the Dave and Merchant families who took over the company in 1992. The company entered the real estate field in 2004, closely followed by entry into the green energy sector in 2008. Given the high demand-supply gap in the natural gas sector, the Jafrabad FSRU unit provides significant upside to the company’s growth.

About Black & Veatch

Black & Veatch is an employee-owned, global leader in building critical human infrastructure in Energy, Water, Telecommunications and Government Services. Since 1915, we have helped our clients improve the lives of people in over 100 countries through consulting, engineering, construction, operations and program management. Our revenues in 2016 were US$3.2 billion.

Source: www.bv.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.