Corporate News
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Contract volume: Approximately EUR 260 million
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Linde Engineering Dresden responsible for engineering, procurement and construction of terminal
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Important distribution hub for Norwegian gas in Germany
Munich, 20 March 2013 – The technology company The Linde Group has been awarded a contract to build a natural gas terminal in the town of Emden in northern Germany. The deal is worth around EUR 260 million. The contract was awarded by Norwegian state-owned company Gassco AS on behalf of Gassled joint venture.
"Norway is one of Germany's most important energy suppliers. The new natural gas terminal is a key milestone in securing future supplies of Norwegian gas to Germany," explains Prof. Dr Aldo Belloni, Member of the Executive Board of Linde AG. "We have a wealth of experience in handling natural gas. This project enables us to further promote the use of this environmentally sound fossil fuel."
The new natural gas terminal will replace the 1977 Norsea Gas Terminal, which is currently being operated by Gassco. The terminal will distribute natural gas from Norwegian-owned gas fields in the North Sea to Germany.
The contract covers engineering, procurement and construction for the new terminal. The project is based on the front-end engineering design (FEED) provided by Gassco. The initial work will be carried out by Linde Engineering at the Group's site in Dresden. Construction will get underway in Emden in the autumn of 2013. The facility will be pre-assembled in modules to the greatest possible extent and put together at the construction site. The new natural gas terminal is set to go on stream at the end of 2015.
About The Linde Group
The Linde Group is a world-leading gases and engineering company with around 62,000 employees in more than 100 countries worldwide. In the 2012 financial year, Linde generated revenue of EUR 15.280 bn. The strategy of the Group is geared towards long-term profitable growth and focuses on the expansion of its international business with forward-looking products and services. Linde acts responsibly towards its shareholders, business partners, employees, society and the environment – in every one of its business areas, regions and locations across the globe. The company is committed to technologies and products that unite the goals of customer value and sustainable development.
For more information, see The Linde Group online at www.linde.com
Further information:
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Media Relations
Dr Thomas Hagn
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Investor Relations
Lisa Tilmann
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