Newspaper article THE JOURNAL RECORD
Phillips, Bechtel Create Alliance to Expand Liquefied Gas Market
Phillips Petroleum Co. has formed an alliance with Bechtel Corp. in an attempt to increase their share of the worldwide liquefied natural gas markets.
The alliance, with an initial term of five years, seeks to combine Phillips' proprietary technology with Bechtel's engineering, design and construction expertise.
"The Phillips-Bechtel alliance greatly enhances our ability to leverage our LNG technology worldwide," said Knut Am, Phillips' senior vice president of exploration and production. "Phillips and Bechtel are combining our respective LNG strengths to increase our global market share of LNG facilities." The two have prior working experience with each other. Phillips' Optimized Cascade LNG Process was first used in 1969 in the company's gas liquefaction plant on the Kenai Peninsula in Alaska. Designed and built by Bechtel, the facility was the first to ship LNG to Japan and is the first LNG project in the world to achieve 27 years of uninterrupted supply to Japanese customers. San Francisco-based Bechtel has designed and built more than 35 percent of the world's liquefaction capacity. Earlier this year, the Atlantic LNG Co. of Trinidad and Tobago selected Bechtel and the Phillips process for a new LNG complex. Bechtel and Phillips have established an LNG process development center at Bechtel's Houston offices. The center is staffed by employees from both companies and is designed to further enhance the Phillips LNG process and support marketing efforts worldwide. "We have been working for more than four years with Phillips to optimize the LNG design, physical facilities and LNG products," said John Duty, Bechtel's senior vice president and manager of Global LNG. …