08/08/2014 - 15:15

Clough acquires US LNG engineering firm

08/08/2014 - 15:15

Bookmark

Save articles for future reference.

Engineering and project services company Clough today announced the acquisition of CH-IV International, a small, privately owned liquefied natural gas engineering and consulting services provider based in the United States.

Clough acquires US LNG engineering firm
Clough managing director Kevin Gallagher.

Engineering and project services company Clough today announced the acquisition of CH-IV International, a small, privately owned liquefied natural gas engineering and consulting services provider based in the US. 

CH-IV delivers the full spectrum of LNG consulting and design services, from feasibility studies through to operations support. 

Clough has worked on the majority of LNG projects sanctioned in the region in recent years. 

The company says the North American LNG market has a strong outlook, with good growth predicted from the burgeoning shale gas industry.  

The acquisition provides Clough with an entry into this market, and an opportunity to extend its current range of services for LNG engineering, jetties and terminals, commissioning and brownfields scopes of work.

Clough managing director Kevin Gallagher said the $US5 million acquisition held strategic importance in enabling Clough’s global expansion.

“This is a strategically significant acquisition which provides a platform to enter the North American LNG market, and the attainment of highly specialised LNG skills that can complement Clough’s LNG service offering globally,’’ he said.

“The acquisition aligns with Clough’s strategy to build a globally competitive business and expand our global footprint and services to our oil and gas clients.”

 

 

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options