Saipem wins Nong Fab LNG terminal job for PTT in Thailand

Saipem wins Nong Fab LNG terminal job for PTT in Thailand
Illustration purposes only (Image courtesy of Saipem)

Italian oil and gas contractor, 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 leader of the JV which has been assigned the contract with a stake of 55 for an overall value of approximately $925 million, hence, Saipem’s share is around $500 million.

The contract has been awarded by PTT LNG Company, a unit of Thailand’s national oil & gas company PTT Public Company Limited, Saipem said in a statement.

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 mtpa, for the receipt, storage and regasification of liquefied natural gas.

The facility being built by PTT LNG will feature two 250,000-cbm 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 tonnes by 2023 from the current 10 million.

Share this article

Follow LNG World News

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 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 1

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event.

read more >

The 27th World Gas Conference (WGC 2018)

The 27th World Gas Conference (WGC 2018) will be the largest, most timely and most significant global gas conference and exhibition ever held.

read more >

Oil and Gas 2018

The conference will cover a wide range of topics and allow participants to discuss about the new technologies developed in Petroleum…

read more >

Gastech Exhibition & Conference 2018

The leading exhibition and conference for the global gas, LNG and energy industries.

read more >