By OGJ editors
HOUSTON, July 28 -- Algerian oil company Sonatrach has awarded Saipem/Snamprogetti, in joint venture with Chiyoda, a €2.8 billion lumpsum turnkey contract for a new LNG train (GL3Z).
The contract encompasses engineering, procurement, and construction of a single 4.7-million tonne/year train to be built near Arzew, Algeria, about 400 km west of Algiers. Work is to be completed by yearend 2012.
This is the first time Saipem has been named main contractor of a large LNG plant.
Saipem is 43% owned by Italy's Eni SPA.