Uruguay LNG Terminal on Schedule
By Aiswarya Lakshmi
July 18, 2015
Uruguay's state-owned Gas Sayago said civil works for an LNG regasification terminal are due to begin again after five months of delays, putting back on track a $1.1 billion project for the country's first such facility.
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.
Gas Sayago President Cesar Briozzo declined to name the new subcontractors in a statement, citing confidentiality agreements. The rest of the project is on track, including the construction of the regasification vessel in South Korea, the construction of storage facilities and a pipeline, and dredging works near the Port of Montevideo, he said.
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.
