LNG

China Offshore Oil Engineering Co. has been awarded a contract to build a second LNG import terminal at Tangshan in northeast Hebei province and the cost of the project is estimated at 8 billion Chinese yuan ($1.1Bln) for the first and second phases.

JGC Corp Chairman and Chief Executive Masayuki Sato, whose company was awarded the LNG Canada contract, said the engineering, procurement and construction business was now surging ahead and a high level of performance was crucial for all contractors worldwide.