China’s drilling rig manufacturer Honghua Group has announced that its subsidiary Honghua Offshore has entered into a $1.8bn offshore LNG platform (PLNG) construction heads of agreement (HOA) with Argo LNG Partners.
The giant series of facilities will be installed in the US Gulf of Mexico and comprise four production platforms, four storage platforms, one accommodation platform, one central processing platform, and a pier which is available for LNG ships of up to 260,000 cu m. The designed annual LNG processing capability and storage capability is up to to 3.6m tons and 240,000 cu m respectively.
“The cooperation this time, not only presents the Sino-US breakthrough in development and utilization of clean energy, but a significant and innovative cooperation between the two parties in manufacturing top-end equipment,” said Zhang Mi, chairman of Honghua.
