Hyundai E&C-led consortium wins $2.93 billion deal from Kuwait
Under the deal with Kuwait National Petroleum, the consortium, which includes Hyundai Engineering and state-run Korea Gas , plans to construct re-gasification facilities and LNG tanks in Al-Zour, 90 kilometers south of the capital city.
Hyundai Engineering accounts for $1.39 billion of the deal, while Hyundai Engineering & Construction and Korea Gas take up $1.52 billion and $120 million, respectively.
Hyundai Engineering will be in charge of the re-gasification plants, while the construction firm will build the LNG tanks and coastal facilities.
The consortium said the project will be finished in 2020. ■