South Korean team wins Kuwait LNG terminal deal

08 March 2016

Terminal construction contract is worth $2.9bn

A consortium of South Korea’s Hyundai Engineering and Hyundai Engineering & Construction (E&C) has been awarded the $2.9bn contract to build Kuwait National Petroleum Company’s (KNPC’s) 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 KNPC’s 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.

See more contract awards

Sum of Net Project Value ($m)Industry      
Country NameConstructionTransportGasIndustrialPowerWaterGrand Total
UAE1287707 76 142084
Kuwait10 2930   2940
Qatar151     151
Egypt1401156  2502501796
Saudi Arabia1515 1040 110 2665
Oman45   150 195
Bahrain    3 3
Iran 3000    3000
Grand Total3148486339707651326412834
For more information visit MEED Projects http://www.meedprojects.com/home     

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