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Once completed, the Guangdong LNG Terminal and Marine Facility will have a grass-roots 3.70 mt/a LNG receiving terminal, a regassification plant, two LNG storage tanks, marine facilities and necessary supporting infrastructure.
The contract is valued at around US$250 million and is currently being finalised by the partners of the terminal and trunkline project. However, the award of the contract is subject to formal China government approval.
The consortium is made up of Sofregaz, Tecnimont, Saipem and Saipem's subsidiary Technigaz and the project is due for completion by the middle of 2006.
