The Guangdong partners are now finalizing the Terminal EPC contract with the consortium, however award of the contract remains subject to formal Government approval of the project.
The total contract value is about US$ 250 million, of which Tecnimont and Sofregaz contract amounts approx. to US $100 million.
In particular, the scope of the work of the consortium is to design and construct a grass-roots 3.70 mtpa LNG receiving terminal, including regasification plant, two LNG storage tanks, marine facilities and all supporting infrastructures.
The project, when completed by the middle of 2006, will be the first LNG terminal implemented in the Peoples Republic of China.
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