Uruguay is set to start civil works for its $1.1 billion LNG regasification terminal projects after five months of delay.
State-owned Gas Sayago, a joint venture by two state-owned companies, Ancap and UTE, informed that replacement contractors have been found for Constructora OAS, a Brazilian company that was hired to build a breakwater and wharfs for the terminal, but pulled out of the deal in February, Platts reports.
The company’s president Cesar Briozzo said all other works on the project are on schedule including the regasification vessel currently being built in South Korea.
The vessel is due to arrive in the port of Montevideo in 2016, a date the company believes will have the project up and running.
The floating LNG terminal is being set up by GNLS a joint project by Engie, former GDF Suez and Japan’s Marubeni. The facility will have a capacity of 10 million cubic meters per day.
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LNG World News Staff; Image: GNLS