Emerson Awarded Contract For Fiscal Metering of China's $ 3 Billion CNOOC Fujian LNG Receiving Terminal And Trunk Line Project
AUSTIN, TEXAS (October 24, 2006) - Emerson Process Management, a business of Emerson (NYSE:EMR), has been awarded the fiscal metering contract for the Fujian LNG-import terminal project. The terminal being constructed in Fujian Province, Peoples Republic of China, will be owned and operated by CNOOC Fujian LNG Co. Ltd., a co-investment of China National Offshore Oil Corporation (CNOOC) and Fujian Investment and Development Corporation.
Fujian will be China's second LNG importation terminal, importing 2.6 million tons of liquid natural gas annually, intended to supply two major new power plants, together with the five major coastal cities. Commercial operation is targeted to begin in early 2008.
Emerson has engineered and delivered its Daniel® natural gas metering systems on 12 high performance gas metering skids that insure high integrity, accurate, reliable measurement of natural gas volume, quality, composition and calorific value. Accurate, reliable custody transfer measurement of natural gas is critical for fiscal accounting and taxation purposes.
Emerson Process Management's Daniel® products in this project include ultrasonic metering skids and gas turbine metering skids, including products such as the Daniel SeniorSonic(TM) gas ultrasonic meters, Daniel gas turbine meters, Daniel flow computers and Daniel Danalyzer(TM) gas chromatographs.
"We know we can trust the Emerson Process Management commitment made to CNOOC in this project," said Mr. Zhang Hao, general manager of Fujian LNG. "Emerson has an outstanding track record, and we have been very impressed by the Daniel solution. The award of this contract is just the beginning of our business relationship."
"We are delighted to be selected by Fujian LNG for the fiscal metering responsibility for the second terminal in China," commented John Berra, president of Emerson Process Management. "Emerson is enjoying significant growth in the global LNG industry, and we are committed to meeting the CNOOC requirements and timing for fiscal metering with our industry leading Daniel technology, skids, and services."
About Emerson Process Management
Emerson Process Management (www.EmersonProcess.com), an Emerson business, is a leader in helping businesses automate their production, processing and distribution in the chemical, oil and gas, refining, pulp and paper, power, water and wastewater treatment, food and beverage, life sciences, and other industries. The company combines superior products and technology with industry-specific engineering, consulting, project management and maintenance services. Its brands include PlantWeb®, Saab Rosemount®, Fisher®, Micro Motion®, Rosemount®, Mobrey®, Daniel®, Bristol®, DeltaV(TM), Ovation®, and AMS(TM) Suite.
About Emerson
Emerson is a global leader in bringing technology and engineering together to provide innovative solutions to customers through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. Sales in fiscal 2005 were $17.3 billion. For more information, visit www.GoToEmerson.com
Contacts:
Terri Beck, Emerson Process Management, Daniel Division
1 (713) 827-4878, Terri.Beck@EmersonProcess.com
Peter Dossing, Emerson Process Management
1 (512) 832-3162, Pete.Dossing@EmersonProcess.
