TECNIMONT Enters LNG Market Through Strategic Alliance with Argent LNG in Louisiana

TECNIMONT's Strategic Move into the LNG Market

In a significant development for the energy sector, TECNIMONT S.p.A., part of the MAIRE Group, has officially forged a strategic partnership with Argent LNG, LLC to enter the liquefied natural gas (LNG) market. This collaboration will see the development of a state-of-the-art LNG export facility located at Port Fourchon, Louisiana, a key energy hub recognized for its resilience against hurricane threats.

TECNIMONT will contribute its comprehensive engineering service capabilities to the project, which is expected to process up to 25 million tons per annum (MTPA) of LNG. This painstaking integration utilizes cutting-edge technologies from original equipment manufacturers (OEMs), ensuring that the facility will not just meet but exceed modern engineering standards. The project will also involve navigating the regulatory landscape by securing necessary permits from the Federal Energy Regulatory Commission (FERC), with contracts for the engineering design phase (FEED) poised to be finalized soon.

Strategic Significance of the Collaboration

This agreement marks an important milestone for TECNIMONT as it strategically positions itself within a burgeoning market identified as a core growth engine for its Integrated Engineering and Construction Services (IECS). The approach encompasses long-term alignment between engineering advancements and project development efforts as the initiative progresses towards final investment decisions and operational realization.

The modular framework designed by the partnership aims for scalability and reproducibility in response to the rapidly evolving global LNG demand. Each module is carefully optimized, promoting efficient construction and transportation, while also seamlessly integrating proven technologies from industry-leading OEMs. This cohesive strategy not only ensures execution certainty but also mitigates interface risks throughout the project lifecycle, establishing a disciplined pathway to investment decisions.

A Groundbreaking Solution for Global LNG Market

The collaboration between TECNIMONT and Argent LNG sets the foundation for a genuinely innovative and financially viable solution, suitable for deployment across various projects in diverse geographical regions. This marks a new global standard in modular LNG infrastructure, demonstrating TECNIMONT's capability for disciplined development and precise technical execution while integrating technology from renowned equipment manufacturers like Baker Hughes.

Alessandro Bernini, CEO of MAIRE, expressed his pride in this entrepreneurial venture, stating that this partnership significantly enhances TECNIMONT's presence in the U.S. market and unlocks new opportunities through its recognized expertise in modular approaches.

Jonathan Bass, the founder and Executive Chairman of Argent LNG, emphasized the critical alignment of capital, engineering, and execution required for the project, highlighting the seriousness and vision underpinning their LNG platform.

MAIRE S.p.A. is committed to advancing energy transition solutions through integrated engineering and construction services, particularly in sustainable fertilizers and low-carbon energy solutions. The collaboration not only reflects TECNIMONT’s adaptability but also underscores the importance of innovative solutions for meeting global energy needs.

In conclusion, as TECNIMONT takes this pivotal step into the LNG market, it highlights the convergence of Italian engineering expertise with American innovation in addressing the challenges and opportunities in the evolving global energy landscape. This partnership signifies an exciting chapter not just for TECNIMONT and Argent LNG, but also for the broader energy community aiming for sustainable growth and solutions.