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Saipem Awarded Fos Cavaou LNG Terminal ContractA joint venture comprising Saipem and the engineering company Sofregaz has been awarded a lump sum turnkey contract for the Fos Cavaou LNG receiving terminal in the South of France. Saipem's share of the contract, awarded by Gaz de France, is approximately Euro 180m. The scope of work of the joint venture comprises the engineering, procurement, construction of the overall terminal facilities, including three LNG storage tanks of 110,000 m3 each and a capacity of 8.25 Bcm/year, the associated marine works and the regasification facilities. The project is expected to be completed by mid 2007. Search for more Saipem or Gaz de France News Added to site on 02/07/04 |