Aussie Firm Bags Kuwait LNG Subcontract

Australian SRG, a complex services company, has secured a A$26.5mn (US$20.9mn) contract with South Korea's Hyundai Engineering and Construction (Hyundai E&C) for the provision of specialist contracting services in installing eight new LNG tanks in Kuwait, SRG said August 7.

“Our strong track record of having successfully delivered post-tensioning works utilising the BBR System on a number of LNG and LPG tank projects in other parts of the world previously was key to the award of this project,” said SRG managing director David Macgeorge.

Under the contract, SRG will be responsible for post-tensioning eight LNG storage tanks which are a core part of the Al Zour LNG import project in Kuwait. Once fully operational, the facility is expected to import approximately 22mn metric tons/yr of gas and will have a storage capacity of 1.8mn m³ of LNG.

Hyundai E&C, Hyundai Engineering and South Korean state utility Kogas secured the overall $3bn contract in 2016 to build the giant Kuwait LNG import project by 2020.

Shardul Sharma