Movement Alert｜Fluor Corporation Rises 5.82% in Regular Trading, Joint Venture Receives Notice to Proceed for LNG Canada Phase 2 Expansion

Market Focus06-03

On June 3, Fluor Corporation rose 5.82% in regular trading, trading at $49.235/share, with trading volume of $71.98 million. The rally was driven by news that Fluor's joint venture with JGC Corporation received a limited notice to proceed for a major LNG project expansion.

The joint venture, JFJV2, was issued a limited notice to proceed for the proposed Phase 2 expansion of the LNG Canada export facility in Kitimat, British Columbia. The notice allows the joint venture to begin early planning and key preparatory activities ahead of a potential final investment decision by LNG Canada. If approved, Phase 2 would double the facility's current annual production capacity of approximately 14 million tonnes of LNG. The same joint venture previously delivered Phase 1 of the project, including two processing trains, storage tanks, a marine terminal, and supporting infrastructure. As one of the world's largest professional services companies, Fluor's large-scale EPC project backlog in oil, gas, and petrochemical sectors is expected to further strengthen.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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