Trans-Thai Malaysia Issues Letters Of Intent For Pipeline Project
The Trans-Thai Malaysia Co, which plans to build a natural gas plant and pipeline running from Thailand to Malaysia, has issued letters of intent to its chosen contractors.
Trans-Thai Malaysia is a joint venture between Malaysia's state oil company Petronas and the Petroliam Authority of Thailand (PTT), plans to build a 277-mile pipeline and a gas separation plant to serve the Joint Development Area in the Gulf of Thailand.
South Korea's Samsung Engineering has received a letter of intent for the $180 million contract of building the gas separation plant in Songkhla Province in the south of Thailand, where the pipeline is due to come ashore.
Nacap Nederland B.V. of the Netherlands received a $90 million contract for laying the onshore pipeline, while Italy's Saipem was sent a letter of intent for the laying of the $100 million offshore line and steelmaker ILVA SpA, will provide the pipe for the project, a contract valued at just under $100 million. While the contractors have been sent a letter of intent, the actual deals cannot be signed until the project receives environmental approval from the Thai government.