Black & Veatch receives full NTP for Cedar LNG
Black & Veatch receives full NTP on Cedar LNG
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Natural Gas News
Black & Veatch receives full NTP for Cedar LNG
Summary
EPC giant will be responsible for all topsides modules, while Samsung Heavy Industries will provide hull, containment services and module integration. [Image credit: Cedar LNG] by: Dale Lunan
Global engineering firm Black & Veatch (B&V) said April 11 it and its partner Samsung Heavy Industries (SHI) had received full notice to proceed (NT...
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”