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Punj Lloyd Teams Up With Saipem to Bid for Singapore's First LNG Terminal, an Industrial Info News Alert

Posted on: Monday, 8 September 2008, 06:00 CDT

Researched by Industrial Info Resources (Sugar Land, Texas) -- Indian engineering, procurement and construction major Punj Lloyd Limited (BOM:532693) (New Delhi) has teamed up with Saipem SpA (BIT:SPM) (Milan, Italy), to compete against three other group of international majors in the bidding process for Singapore's first liquefied natural gas (LNG) terminal project. The project is estimated to cost $725 million and is scheduled to be commissioned by 2011. The proposed LNG terminal will have a capacity of 3 million tons per year. Other companies involved in the bidding process include KBR Incorporated (NYSE:KBR) (Houston, Texas), and Technip (PINKSHEETS:TKPPY) (Paris, France).

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SOURCE: Industrial Info Resources

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