Punj Lloyd, a leading engineering procurement and construction (EPC) and project management services company, is now in the race to build Singapore’s maiden LNG import terminal.
The company has tied up with Saipem, the leading global EPC contractor and part of Italy’s ENI, to bid for the landmark project along with Singapore-based Sembcorp.
The cost of the LNG terminal is expected to amount to around S$1bn ($725m), with the project initially expected to be commissioned by 2011.
The news follows the announcement that Punj Lloyd had acquired a 74% stake in cryogenic tank firm Technodyne and further strengthened its involvement in the LNG and oil & gas sector as a result.
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