Hyundai consortium wins $2.9bn Kuwait LNG project

A consortium led by Korean group Hyundai Engineering has won a 3.6 trillion won ($2.93 billion) contract from the state-owned Kuwait National Petroleum Company to build a liquefied natural gas (LNG) import terminal at Al Zour, 90 km south of Kuwait City, said a report.

As per the deal, the consortium, which also includes Hyundai Engineering & Construction (E&C) and the government-run Korea Gas Corporation, will construct a re-gasification facility, which can process three billion cu m of gas every day, and eight 225,000-cu-m LNG storage tanks along with docking facilities near Al Zour area, reported the Korea Times.

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