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2024-03-01 12:30:12
Multiconsult ASA's (Oslo: MULTI) fully owned subsidiary Multiconsult Norge AS
has signed call-off option with Equinor for the grid connection providing
electrification of Hammerfest LNG (HLNG) as part of the Snøhvit Future project.
The call-off includes management assistance and follow-on engineering for the
construction and commissioning phase of the project. The contract value to
Multiconsult is estimated to NOK 190 million. The project will commence
immediately and is scheduled to be completed in 2028.
Multiconsult has earlier been awarded the detail engineering contract for the
grid connection, with option for this phase of work, reference is made to stock
exchange announcement of 17 February 2023. This contract has involved detailed
multidisciplinary engineering of the grid connection from the substation on
Hyggevatn via a tunnel to Meland and subsea cables to Melkøya where HLNG is
located.
About Snøhvit Future
The project includes land compression and electrification of HLNG, strengthening
Norway's position as a reliable long-term supplier of gas produced with very low
greenhouse gas emissions. The current gas turbine generators will be replaced by
power from shore, reducing CO2 emissions by 850 000 tonnes annually. The
project will secure jobs in the Hammerfest region and energy supply to Europe.
For further information, please contact:
Investor relations:
Pål-Sverre Jørgensen, Group Treasurer & Investor Relations Officer
Phone: +47 416 11 161
E-mail: ir@Multiconsult.no / psmj@multiconsult.no
Media:
Cato A. Mørk, Senior Communications Advisor
Phone: +47 924 55 663
E-mail: caam@multiconsult.no