Punj Lloyd Set to Bid for Singapore LNG Terminal

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MUMBAI, Aug 28 Asia Pulse - Engineering, procurement and construction company Punj Lloyd (BSE: 532693) plans to bid for Singapore's Liquefied Natural Gas (LNG) terminal, for which it has tied-up with an Italian company.

"We have tied-up with Italy's Saipem to bid for Singapore's LNG terminal," Punj Lloyd's Managing Director Vimal Kaushik told PTI here.

The LNG terminal in Singapore is a maiden one for the country. The cost of the project is estimated at $US1 billion and is to be commissioned by 2011.

Besides Punj Lloyd and Saipem, three other global players are reported to be in the race for the terminal project.

If Punj Lloyd wins the project, it will be executed through its Singapore subsidiary.

"The bidding process for Singapore's maiden LNG import terminal is in the preliminary stage. It is too early to share any details on this," he said.

In India, Punj Lloyd is associated with the Dabhol LNG project and is a sub-contractor for developing two LNG terminals for Petronet in Dahej.

(PTI)

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