Saipem wins Nong Fab LNG terminal contract
Published by Joseph Green,
Saipem, in a joint venture with CTCI Corporation, has been awarded a new contract in Thailand for the engineering, procurement, construction and commissioning of the Nong Fab LNG terminal.
Saipem will operate as the leader of the joint venture which has been assigned the contract with a stake of 55% for an overall value of approximately US$925 million. Saipem’s share is approximately US$500 million.
The contract has been awarded by PTT LNG Company, a unit of Thailand’s national oil & gas company PTT Public Company Limited.
The project will be realised in the Mueang Rayong district, in the south-east of the country.
Works include the engineering, procurement, construction and commissioning of the Nong Fab terminal, with a maximum receiving capacity of 9 million tpy, for the receipt, storage and regasification of LNG.
The facility being built by PTT LNG will feature two 250 000 m3 storage tanks and will be located at Baan Nong Fab in eastern Rayong province.
he facility will be built as part of plans by PTT to raise annual capacity to 19 million t by 2023 from the current 10 million.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/11062018/saipem-wins-nong-fab-lng-terminal-contract/
You might also like
Van Oord receives third dual-fuel dredger
Seatrium Ltd, through its wholly-owned subsidiary, Seatrium New Energy Ltd (formerly Keppel FELS Limited), and Van Oord Ship Management BV marked the successful completion and delivery of Vox Alexia, the third dual-fuel trailing suction hopper dredger.