The facilities will be part of China’s first LNG import project.
Under the terms of the agreement, the Saipem-led STTS JV will be responsible for site preparation, the construction of two storage tanks, marine unloading facilities and a regassification plant. STTS will also construct a 370 km pipeline from Shenzhen to Dongguan, Guangzhou, Foshan and Zhujiang.
In a statement STTS said, “[The company] is to complete the project, near Dapeng village east of Shenzhen, by the middle of 2006. The terminal, which will handle ships importing gas from Australia’s North West Shelf, will have an initial capacity of 3.7 million tonnes a year.”
Saipem holds a 60% stake in STTS. The other partners in the consortium are Technigaz, Tecnimont and Sofregaz.
