Terminal construction contract is worth $2.9bn
A consortium of South Koreas Hyundai Engineering and Hyundai Engineering & Construction (E&C) has been awarded the $2.9bn contract to build Kuwait National Petroleum Companys (KNPCs) planned liquefied natural gas (LNG) import terminal.
Korea Gas Corporation and Hyundai Motors are also reported to be working with the consortium.
MEED reported in February that the Hyundai team was the lowest bidder.
The LNG import terminal will be located near the town of Al-Zour in the Kuwaiti half of the Divided Zone, which is shared with Saudi Arabia.
According to KNPCs plans, the terminal will have a capacity of 1.5 trillion BTUs a day and will include two berths for the simultaneous unloading of large LNG carriers.
The terminal will also include four full containment LNG tanks, each with a working capacity of 225,500 cubic metres.
| Sum of Net Project Value ($m) | Industry | ||||||
|---|---|---|---|---|---|---|---|
| Country Name | Construction | Transport | Gas | Industrial | Power | Water | Grand Total |
| UAE | 1287 | 707 | 76 | 14 | 2084 | ||
| Kuwait | 10 | 2930 | 2940 | ||||
| Qatar | 151 | 151 | |||||
| Egypt | 140 | 1156 | 250 | 250 | 1796 | ||
| Saudi Arabia | 1515 | 1040 | 110 | 2665 | |||
| Oman | 45 | 150 | 195 | ||||
| Bahrain | 3 | 3 | |||||
| Iran | 3000 | 3000 | |||||
| Grand Total | 3148 | 4863 | 3970 | 76 | 513 | 264 | 12834 |
| For more information visit MEED Projects http://www.meedprojects.com/home | |||||||
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