This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

INTL FCStone Inc. Advises LNG Group Panama, S.A. In Selection Of Contractors

NEW YORK, Sept. 9, 2013 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (Nasdaq:INTL) announced today that the investment banking division of its wholly owned subsidiary, INTL FCStone Securities, Inc., advised LNG Group Panama, S.A. (the "Company") and its project-level vehicle, Panama NG Power S.A., on the selection of Duro Felguera, S.A. ("Duro Felguera") as the project engineering firm for the construction of a combined cycle gas turbine ("CCGT") power plant and LNG storage and regasification terminal. The Company has also selected General Electric [Energy] ("GE") as the exclusive equipment supplier for the CCGT power plant. GE will provide its 7FA.05 latest technology gas turbine.

Duro Felguera is a Spanish engineering, procurement and construction contractor, with extensive experience in power plants, industrial plants, ports and fuel storage facilities. Duro Felguera has extensive energy expertise working in projects with some of the biggest technology firms in the power industry. Through Felguera-IHI, a joint venture with IHI Corporation, a Japanese industrial and technology conglomerate, Duro Felguera is also one of the leading turnkey LNG infrastructure developers in the world. Through the selection of GE and its 7FA.05 gas turbines, the project has secured one of the most reliable turbines in the world, delivering increased output and efficiency while ensuring consistency and availability. GE's technologies will support the project in providing a clean energy source and competitively priced power for Panama. GE's installed fleet of nearly 7,000 heavy-duty gas turbines is the largest installed base of any gas turbine supplier.

Rounding out the consortium of companies assisting the Company on the project will be Tractebel, a subsidiary of GDF Suez Group, acting as the owner's engineer overseeing all aspects of project development and acting as an extension of the Company's staff during construction, and Arthur J. Gallagher International, dedicated solely to creating tailored risk management and insurance solutions for the project.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,824.55 +104.63 0.59%
S&P 500 2,094.02 +13.61 0.65%
NASDAQ 5,138.8820 +30.2160 0.59%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs