Technip Energies (PARIS:TE) has announced that it has been awarded a significant Engineering, Procurement, and Construction (EPC) contract by Commonwealth LNG for its liquefied natural gas (LNG) facility in Cameron Parish, Louisiana, which has a capacity of 9.5 million tons per annum (Mtpa).
The contract involves the delivery of six identical liquefaction trains that utilize Technip Energies’ innovative SnapLNG by T.ENTM modular and scalable solution.
This approach allows for schedule acceleration and cost optimization by leveraging a single design replicated across all trains, enhancing predictability and certainty at scale.
This award follows the successful completion of the front-end engineering and design (FEED) phase by Technip Energies, positioning the company favorably within the LNG market.
Technip Energies has established itself as a global leader in the LNG sector, having delivered more than 20% of the world’s operating LNG capacity and being a pioneer in modular project delivery models throughout the industry.
Arnaud Pieton, CEO of Technip Energies, expressed pride in the award, emphasizing the company’s leading expertise in modularized LNG solutions.
He highlighted the importance of the project in strengthening global energy security through a reliable and efficient supply of LNG.
Pieton conveyed enthusiasm for leveraging Technip Energies’ extensive experience and the innovative SnapLNG by T.ENTM approach to ensure the success of this vital energy initiative.
This latest contract award remains contingent on the Final Investment Decision (FID) from Commonwealth LNG, meaning it will not be reflected in Technip Energies’ backlog until the FID or full notice to proceed is granted.
For Technip Energies, a “major” award represents a contract valued above €1 billion in revenue, marking a significant milestone in its project portfolio.
Technip Energies operates as a global technology and engineering powerhouse, holding leadership positions in key sectors including LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management.
The company is committed to contributing to the development of essential markets such as energy, energy derivatives, decarbonization, and circularity.
Through its unique Business segments—Technology, Products, and Services (TPS) and Project Delivery—Technip Energies turns innovative concepts into scalable and industrial realities.
With a workforce exceeding 17,000 employees across 34 countries, Technip Energies remains dedicated to merging economic prosperity with sustainability, fostering a world designed for lasting impact.
In the year 2024, Technip Energies reported revenues of €6.9 billion and is listed on Euronext Paris.
Additionally, the company has American Depositary Receipts available for trading over the counter.
Commonwealth LNG, the client for this project, is focused on developing a state-of-the-art LNG export terminal near Cameron, Louisiana, with a projected capacity of 9.5 Mtpa.
The leadership team at Commonwealth LNG is dedicated to constructing a world-class facility, emphasizing safety, risk management, and best-in-class environmental standards in their operations.
Investors should be aware of the forward-looking statements contained within this announcement, which reflect Technip Energies’ intentions and expectations regarding future operational results and financial performance.
Such statements involve risks and uncertainties, and actual results may differ materially due to various factors, including market conditions and the performance of the company.
For a complete understanding of the factors that could potentially impact performance, investors are encouraged to review the risk factors outlined in Technip Energies’ 2024 Annual Financial Report and the 2025 Half-Year Report.
As the energy industry continues evolving, projects like the Commonwealth LNG facility illustrate the critical role companies like Technip Energies play in shaping the future of energy security and sustainability worldwide.
In summary, Technip Energies is set to enhance its contributions to the LNG sector and global energy landscape through this newly awarded project, marking a significant step in its ongoing commitment to innovative energy solutions.
image source from：globenewswire
