FACTS & FIGURES - Tecnimont ICB

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OIL & GAS
Tecnimont has developed considerable expertise and numerous
references in the oil & gas sector. Its French subsidiary Sofregaz is
recognized as a leading worldwide provider of services throughout
the entire natural gas chain. Tecnimont’s workload in recent years
has included LNG regasification terminals, aromatics complexes,
natural gas treatment plants and refinery units. In 2008 Maire
Tecnimont continued its repositioning in this expanding market
through commercial activities such as market development and
bidding as well as executing projects.
The Group continued to work on large EPC projects and on
engineering design and project management services for regasification
terminals, the latter being carried out by Sofregaz.
During the year Maire Tecnimont strengthened its position in the
LNG regasification market by winning five major service contracts,
and also by being selected as EPC contractor for the Wilhelmshaven
LNG terminal for DFTG of Germany. The last project, however, was
then shelved by the client.
Maire Tecnimont’s leading position in CO 2 capture and storage was
further strengthened by new FEED and tendering activities in 2008.
We continued to work in Iran by providing specialist engineering
services to natural gas treatment plants.
Europe and Natural Gas: a Strategic Challenge
Natural gas is the world’s largest source of energy after oil and coal,
and is the cleanest of the fossil fuels. For these reasons it will
continue to play a strategic role in the global energy mix. According
to the International Energy Agency, world demand for natural gas
will increase by 52% to 4.4 trillion cubic metres by 2030. Market
development is influenced by the proximity of reserves to areas of
demand. In this respect, Europe occupies a central position,
surrounded by the major gas-exporting countries of Russia,
Eurasia, the Middle East and North Africa.
The success of the European Union’s energy policies depends on the
development of a modern natural gas infrastructure to enable
European countries to diversify their sources and means of supply.
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