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Home Capital Markets

Saipem firms up NLNG construction win

Staff by Staff
May 15, 2020
in Capital Markets, Construction, Energy, FID, Gas, Infrastructure, Natural Resources, Nigeria
Reading Time: 1 min read
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Nigeria LNG has awarded an engineering, procurement and construction (EPC) contract for a seventh train, worth more than US$4B.

A letter of intent was signed on the EPC work with the SCD joint venture in September 2019. Construction will be carried out by Saipem, the leader of the venture, Daewoo E&C and Chiyoda.

The Italian service company said the value of its share of the work was around US$2.7B. Saipem has a 60% stake in the venture.

The NLNG Train 7 project involves production of around 8 million tonnes per year. There will be one new train, with capacity of 4.2mn tpy, with another 3.4mn tpy of production coming from debottlenecking. Saipem said in addition to the new train there would be another liquefaction unit, with associated utilities and infrastructure.

Source: EnergyVoice via CrudeMix

Related

Tags: ChiyodaconstructionDaewooengineeringENIEPCGasInfrastructureliquefied natural gasLNGNigeriaNLNGSaipemнигерияنيجيرياナイジェリア尼日利亚
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