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Business Updates for May 2009: Akkerman; Caterpillar; Lockwood, Andrews & Newnam; McElroy
GE Oil & Gas technology has again been selected for one of the largest gas transmission projects in the world. GE will be the primary supplier of compression equipment for the western section of China’s second West-to-East Gas Pipeline. Since 2005, GE has been awarded bids by PetroChina worth over $600 million.
The second West-to-East pipeline, will be part of the ongoing natural gas pipeline infrastructure in China that, when completed over the next five to six years, will total approximately 20,000 kilometers (12,400 miles). This second pipeline, 8,700 kilometers (5,394 miles) in length, will be 2,000 kilometers (1,240 miles) longer than the Great Wall. This pipeline will travel through 13 provinces and regions, and will play a vital role in supporting the country’s energy security and economic development. Existing Chinese natural gas pipelines total 30,000 kilometers (18,600 miles) in length.
“Our latest win underscores GE’s role as a major supplier of pipeline compression technology for this vital region of the world,” said Claudi Santiago, president and CEO of GE Oil & Gas. “Inclusive of the western section of West-to-East Gas Pipeline, since 2005, we have supplied nearly 60 turbocompressor trains for pipeline infrastructure projects across Asia.”