LNG

Saipem, the Italian LNG and energy subsea projects developer, has been awarded two contracts worth $850 million, one to open up a Turkish natural gas field in the Black Sea and a second to decommission energy activities in the UK North Sea.

Turkey President Tayyip Erdogan has claimed a Black Sea natural gas discovery by state-owned Turkish Petroleum (TPAO) of an additional 135 billion cubic metres of gas at the offshore Amasra-1 field, opening the way for production to offset some of the nation’s LNG and pipeline natural gas import needs.