Saipem, Daewoo ink onshore LNG cooperation agreement

Image courtesy of Saipem

Italian oil and gas industry contractor Saipem has signed a strategic agreement with and Daewoo E&C for cooperation on targeted worldwide opportunities in the onshore oil and gas industry, with specific emphasis on the LNG sector.

Saipem said on Monday that the two companies would enhance and capitalize on complementarity and synergies across the whole EPC value chain and establish “a key player capable of delivering superior solutions in global LNG construction.”

Maurizio Coratella, COO of Saipem’s onshore E&C division, said: “This strategic agreement with Daewoo will leverage our distinctive competencies in high-end projects, particularly in LNG, and our proven operational experience to support the corporate goals of our customers around the world.

LNG is strategic for us, and we are definitively focusing on it to consolidate our onshore E&C activities and results.

Kwangho Kim, COO of the Daewoo’s E&C plant division, added: “Moreover, Daewoo E&C in a joint venture with Saipem has been nominated as a preferred bidder for the EPC of the Nigeria LNG Train 7 last September, and Daewoo E&C is proud to demonstrate its meaningful entrance into the LNG engineering sector to the market.

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >