Saipem wins Nong Fab LNG terminal contract
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.
The 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.
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From the April 2018 issue of Hydrocarbon Processing