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The Japanese/French joint venture (JV) of Chiyoda Corporation and Technip has received a letter of intent for the onshore package on phase 2 of the Al-Khaleej gas (AKG-2) development. The team was expected to win the estimated $1,500 million engineering, procurement and construction (EPC) work, which was included as an option in its RasGas III contract awarded last September. The AKG-2 project involves the delivery and processing of North field gas to local domestic consumers (MEED 30:9:06).