Ezion Bags Curtis Island LNG Services Contract
|Thursday, August 02, 2012
Singapore's Ezion Holdings said Thursday that it has been awarded a $71 million contract to provide full logistics and support services for the haulage of equipment and modules for the development of liquefied natural gas (LNG) facilities on Curtis Island, Queensland.
"It is a positive for Ezion. We expect this contract to have a positive earnings impact on the company for the financial year 2013," Maybank Kim Eng's investment analyst Yeak Chee Keong told Rigzone on Thursday.
Ezion did not disclose which company had awarded it the service contract, but Rigzone's data shows that Ezion's description of the project corresponds to that of the Australia Pacific LNG (APLNG) project.
The LNG facility, said Ezion, "has an initial capacity of nine million tonnes per annum (mtpa)." Ezion went on to add that the facility is expected "to increase production to 16 mtpa."
Ezion's services contract – which will start in 1H 2013 – is in relation to the development of the project's first two LNG trains. "There could be up to four LNG trains developed for the project," Ezion said.
This contract is Ezion's fourth major LNG related project that the company has secured in Australia.
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