SAIPEM LNG FOR MOZAMBIQE $6 BLN
MEOG - Saipem, in joint venture with McDermott International and Chiyoda Corporation, has reached agreement with Area 1 concessionaires on an EPC contract to engineer and construct an onshore LNG project in Mozambique. Saipem, as involved in the project for a volume currently equal of about $6bn, will operate as leader of CCSJV s.c.a.r.l. (CCS JV), the joint venture incorporated in Italy to execute the project.
The contract has been executed by Anadarko Moçambique Area 1, Lda., a wholly-owned subsidiary of Anadarko Petroleum Corporation,…
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