{"id":12603,"date":"2020-06-30T04:51:02","date_gmt":"2020-06-30T01:51:02","guid":{"rendered":"https:\/\/www.al-sindbad.net\/daewoo-ec-consortium-wins-ulsan-lng-contract\/12603\/"},"modified":"2020-06-30T04:51:02","modified_gmt":"2020-06-30T01:51:02","slug":"daewoo-ec-consortium-wins-ulsan-lng-contract","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/daewoo-ec-consortium-wins-ulsan-lng-contract\/12603\/","title":{"rendered":"Daewoo E&C consortium wins Ulsan LNG contract"},"content":{"rendered":"

<\/p>\n

A consortium led by South Korea’s Daewoo Engineering & Construction has won a contract to build a liquefied natural gas tank terminal in the Port of Ulsan.<\/strong><\/p>\n

\"Signing
Signing ceremony (Image: Daewoo E&C)<\/figcaption><\/figure>\n

Daewoo E&C holds a 51 per cent of the consortium while compatriot SK E&C holds the remaining 49 per cent.<\/p>\n

Korea Energy Terminal (KET), a joint venture company for developing tank terminals awarded the deal.<\/p>\n

Korea National Oil Corp. and SK Gas have 49.5 per cent and 45.5 per cent stakes, respectively, in the venture while Singapore’s MOL Chemical Tankers has a 5 per cent stake.<\/p>\n

The venture previously announced plans<\/a> to build a large-scale tank terminal for petroleum, natural gas and petrochemical products as part of the Port of Ulsan project.<\/p>\n

\"Ulsan
Image: Daewoo E&C<\/figcaption><\/figure>\n

The new deal with a price tag of 324.3 billion won ($270 million) is part of the first phase of the project and will be located in the northern part of the port.<\/p>\n

Th deal includes the construction of a 215,000 kiloliters LNG tank and additional facilities.<\/p>\n

Daewoo E&C consortium also expects to win the contract for the project’s oil tank terminal.<\/p>\n

Korea Energy Terminal plans to launch commercial operations of the project’s entire first phase in June 2024.<\/p>\n

The post Daewoo E&C consortium wins Ulsan LNG contract<\/a> appeared first on Offshore Energy<\/a>.<\/p>\n

world maritime news<\/p>\n","protected":false},"excerpt":{"rendered":"

A consortium led by South Korea’s Daewoo Engineering & Construction has won a contract to build a liquefied natural gas tank terminal in the Port of Ulsan. Signing ceremony (Image: Daewoo E&C) Daewoo E&C holds a 51 per cent of the consortium while compatriot SK E&C holds the remaining 49 per cent. Korea Energy Terminal …<\/p>\n","protected":false},"author":1,"featured_media":12604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[4403,2237,4139,8331,523,8332,1176],"class_list":["post-12603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-consortium","tag-contract","tag-daewoo","tag-eampc","tag-lng","tag-ulsan","tag-wins"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/12603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=12603"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/12603\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/12604"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=12603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=12603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=12603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}