Greece’s DESFA scores Kuwait LNG import terminal job

Greece’s gas grid operator DESFA has secured a contract from Kuwait’s state-owned KIPIC for the new LNG import terminal in the Al-Zour area.

DESFA, owned by a consortium led by Italy’s Snam, secured the contract following a tender KIPIC launched earlier this year.

The five-year contract includes the operation and maintenance of the LNG import plant.

DESFA did not disclose any financial details of the deal only saying it would jointly perform the services with Snam but also Enagas. The Spanish LNG terminal operator is also a shareholder in the consortium that owns DESFA.

LNG Prime understands the contract has a price tag of about $106 million.

To remind, Kuwait Petroleum formed KIPIC in 2016 to manage refinery, petrochemicals and LNG import operations in the giant Al-Zour complex.

The Al-Zour complex and the LNG import terminal are located some 90 kilometers south of the capital Kuwait City.

A South Korean consortium consisting of Hyundai E&C, Hyundai Engineering and Kogas is in charge of building the terminal.

It includes the construction of a regasification facility and eight 225,000-cbm LNG storage tanks. This makes it one of the largest LNG import terminals in the world.

KIPIC previously said it expected to launch the LNG import facility with a price tag of about $3 billion in 2020. However, some media reports suggest that the plant will start operations by the end of the first quarter next year.

- Advertisements -

Most Popular

Delfin plans to take FID on first floating LNG producer in Q2

Delfin Midstream, the developer of a floating LNG export project in the Gulf of Mexico, is expecting to take...

ExxonMobil working on larger Rovuma LNG export project in Mozambique

US energy giant ExxonMobil has boosted the capacity of the planned Rovuma LNG onshore terminal in Mozambique and is...

Mexico Pacific seals another LNG supply deal with Shell

A unit of LNG giant Shell has signed another long-term deal to buy liquefied natural gas from Mexico Pacific,...

More News Like This

Italy’s Snam says most of Piombino FSRU capacity booked

Italian energy firm Snam has allocated most of the regasification capacity at the FSRU-based LNG import terminal in the...

Snam CEO says Piombino FSRU terminal on track to start operations in May

Italy's Snam is still expecting to launch the FSRU-based LNG import terminal in the port of Piombino in May,...

Snam: 2022 net profit drops, regas volumes jump

Italian energy firm Snam said its adjusted net profit dropped in 2022, while LNG regasification volumes at its Panigaglia...

Knutsen’s LNG bunkering newbuild wraps up first op in Barcelona

Knutsen, Enagas, and Shell have completed the first ship-to-ship operation with the 5,000-cbm LNG bunkering ship, Haugesund Knutsen, in...