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Murray & Roberts (M&R) subsidiary Australia-based oil and gas-focused engineering and construction company Clough has expanded its expertise in liquefied natural gas (LNG) after acquiring US-based engineering company CH-IV International for $5-million.
M&R on Friday said the addition of CH-IV would bolster Clough's LNG engineering, process and operational capabilities, as well as facilitate entry for Clough into developed US-based small and midscale LNG and shale gas markets.
CH-IV, which was involved in 15 US LNG export projects, would also provide Clough with expertise for numerous LNG projects and studies for the imminent expansion of the current wave of Australian LNG projects.
“This acquisition holds strategic importance in enabling Clough's expansion plans and aligns with our strategy to build a globally competitive business to service our global oil and gas clients,” explained Clough MD Kevin Gallagher.