Age
Friday 23/10/2009 Page: 3
THE Gorgon juggernaut has awarded a collective $US2.46 billion ($A2.66 billion) worth of work for its liquefied natural gas project in Western Australia to Hyundai Heavy Industries and GE. GE (Al and Gas has been selected to provide technology to liquefy the gas and sequester the carbon emissions under the Barrow Island site. The $US400 million deal includes three refrigerant compression trains plus advanced liquefaction compressors that will help chill the gas to minus 160 degrees ready for shipping. Six additional compression trains will be supplied to inject the greenhouse gas emissions 1.3 kilometres underground.
Gorgon is the world's largest demonstration project for carbon capture and storage technology, which is unproven at a commercial scale. The GE contract will contain very little Australian content though, with the technology manufactured and tested in Italy before being shipped to Australia by 2012. Hyundai Heavy Industries, the world's largest shipbuilder, will construct 48 modules as part of the processing facility worth $US2.06 billion. The company outbid others including Daewoo Shipbuilding & Marine Engineering in snaring the contract. The two deals take the total value of contracts awarded so far to about $9.5 billion.
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