KNPC awards $3bn LNG deal to Korean consortium

Contract has been awarded to South Korean group led by Hyundai Engineering

The firms will build LNG facilities.
The firms will build LNG facilities.

A South Korean consortium led by Hyundai Engineering and Construction has reportedly been awarded a $2.93bn deal in Kuwait.

The consortium will build liquefied natural gas (LNG) facilities in the country.

Kuwait National Petroleum Company awarded the deal to the consortium, which also includes state-owned Korea Gas Corporation.

Contract scope includes the construction of re-gasification facilities and LNG tanks at Al Zour.

Korea Gas accounts for $120m of the deal, according to South Korea's Yonhap News Agency.

Hyundai Engineering will be in charge of the re-gasification plants, while the construction firm will build the LNG tanks and coastal facilities.

The consortium said the project will be completed in 2020.
 

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