CTCI awarded LNG receiving terminal contract in Thailand
Taipei, TAIWAN: CTCI CORPORATION, in Joint Venture with Saipem, has been awarded a new contract of Nong Fab LNG Receiving Terminal located within Map Ta Phut Industrial Estate in Rayong Province of Thailand by PTT LNG Company Limited, a subsidiary of PTT Public Company Limited.
With CTCI’s solid track record and focus in Thailand’s EPC market over the decades, the JV beats other international EPC bidders to acquire the contract with the value nearly USD 925 million, hitting a new record for CTCI in Thailand’s EPC project contracting market. This contract award has laid a foundation for an advantageous Southeast Asia market outlook, while also fueled the momentum for Taiwan Government’s New Southbound Policy.
The scope of Nong Fab LNG Receiving Terminal includes engineering, procurement, construction and commissioning of two 250,000m3 storage tanks, a 7.5MMTPA re-gasification facility, a long trestle marine jetty, and an eco-friendly Administration Building.
Saipem: new onshore E&C contract for the construction of the Nong Fab regasification plant in Thailand for a value of approximately $500M
San Donato Milanese (MI), - Saipem, in Joint Venture with CTCI Corporation, has been awarded a new contract in the Onshore E&C sector in Thailand for an overall value of approximately 925 million USD. Saipem will operate as leader of the Joint Venture which has been assigned the contract with a stake of 55%. Hence Saipem’s share is around 500 million USD. The contract has been awarded by PTT LNG Company Limited, a subsidiary of PTT Public Company Limited, Thailand’s national oil&gas company. The project will be realized 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 MMTPA, for the receipt, storage and regasification of liquefied natural gas.
Stefano Cao, Saipem CEO, commented: “As well as consolidating Saipem’s presence in an area with great prospects for development such as South-East Asia, the signing of this contract strengthens our position in the LNG sector which is of interest to us in terms of both the liquefaction and regasification segments. Furthermore, this contract represents a step forward towards achieving greater balance in our portfolio, between downstream and gas projects and those linked to upstream.”
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