The European Commission on Tuesday cleared the formation of a joint venture that will provide engineering and design services for liquefied natural gas (LNG) projects in Russia.
The joint venture partners are Russia’s NIPIgaspererabotka, controlled by SIBUR group, UK-based TechnipFMC and Germany’s Linde.
The company will be active in the provision of front-end engineering and design, project documentation and capital expenditures estimates, as well as engineering and services for procurement, construction, installation and commissioning of LNG plants on concrete gravity-based structures.
The Commission said it concluded that the proposed transaction would raise no competition concerns as the joint venture will only operate in Russia.