2011-09-06 Financial news
Alfa Laval wins SEK 90 million natural gas order in the Middle East
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has received an order from a Japanese engineering company to supply heat exchangers for a new major natural gas project in Qatar. The order value is approximately SEK 90 million and delivery is scheduled for 2012.
The order placed by JGC Corporation in Japan, consists of various heat exchangers to the Barzan Onshore gas plant, located in Ras Laffan Industrial City, north of Doha, the capital of Qatar. The Alfa Laval heat exchangers will be used for recovering energy in the gas cleaning process and for process cooling of the overall gas plant.
“Alfa Laval has a strong position in the oil and gas markets and has delivered products and solutions to Qatar’s gas fields for many years. This order confirms the continuously high activity within the oil and gas industry – and is also a direct result from our strong presence in Japan”, says Lars Renström, President and CEO of the Alfa Laval Group.
Did you know that… Qatar's oil and natural gas industries account for more than 50 percent of the country’s GDP, 85 percent of export earnings and 70 percent of the government's revenue?
The Barzan Project, managed by RasGas Company Limited, a joint venture between Qatar Petroleum and ExxonMobil, is planned to start commercial production in 2014, and produce 1.4 billion cubic feet per day, mainly for the local market. The gas comes from the Barzan North Field, discovered in 1971, which is the world's largest reservoir of non-associated natural gas
About Alfa Laval
Alfa Laval is a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling.
The company’s equipment, systems and services are dedicated to assisting customers in optimizing the performance of their processes. The solutions help them to heat, cool, separate and transport products in industries that produce food and beverages, chemicals and petrochemicals, pharmaceuticals, starch, sugar and ethanol.
Alfa Laval’s products are also used in power plants, aboard ships, in the mechanical engineering industry, in the mining industry and for wastewater treatment, as well as for comfort climate and refrigeration applications.
Alfa Laval’s worldwide organization works closely with customers in nearly 100 countries to help them stay ahead in the global arena.
Alfa Laval is listed on the Nordic Exchange, Nordic Large Cap, and, in 2010, posted annual sales of about SEK 24.7 billion (approx. 2.6 billion Euros). The company has 12 600 employees.
For more information please contact:
Senior Vice President, Communications
Tel: + 46 46 36 72 31
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Investor Relations Manager
Tel: +46 46 36 74 82
Mobile: +46 709 78 74 82