JAPAN'S CHIYODA, JGC WIN DESIGN ORDERS FOR FLOATING LNG PLANT

Mon. December 21, 2009;

TOKYO, Dec 22, 2009 (AsiaPulse via COMTEX) -- SBMVF | Quote | Chart | News | PowerRating -- Japan's Chiyoda Corp. (TSE:6366) and JGC Corp. (TSE:1963) have each clinched orders from Petroleo Brasileiro
SA, also known as Petrobras, for the basic design of a floating liquefied natural gas plant.


Chiyoda announced that it won a design order valued at around US$40 million in collaboration with SBM Offshore NV, the world's largest offshore plant builder.

JGC landed its order as part of a consortium with Modec Inc. (TSE:6269) and French plant builder Technip. The value has not been disclosed.

The Brazilian state-owned oil company is looking to build a plant with annual LNG production capacity of 2.7 million tons off Brazil's coast. The project is attracting attention as the world's first offshore LNG-producing plant.

Both JGC and Chiyoda hope to win the order for its construction.

(Nikkei) cg
For full details on Petroleo Brasileiro S.A. Petrobras ADS (PBR) click here. Petroleo Brasileiro S.A. Petrobras ADS (PBR) has Short Term PowerRatings of 5. Details on Petroleo Brasileiro S.A. Petrobras ADS (PBR) Short Term PowerRatings is available at This Link.

Source: http://www.tradingmarkets.com/.site/news/Stock%20News/2741726/