Hyundai consortium wins $2.93 bln project in Kuwait

By Park Sae-jin Posted : March 7, 2016, 10:21 Updated : March 7, 2016, 10:21

[Courtesy of Hyundai Engineering & Construction]



A South Korean consortium led by Hyundai Engineering & Construction has secured a 2.93 billion US dollar deal from Kuwait to build re-gasification facilities and liquefied natural gas (LNG) tanks, Hyundai officials said Monday.

The consortium includes state-run Korea Gas Corp. Under the deal with Kuwait National Petroleum, Hyundai plans to complete the project in Al-Zour, about 90 kilometers (54 miles) south of Kuwait City in 2020.

Korea Gas, which accounts for $12 million of the project, will be in charge of testing the plant's operation.

Aju News Lim Chang-won = cwlim34@ajunews.com 
기사 이미지 확대 보기
닫기