Petronas prequalified for US$1.2bn Lebanon FSRU project

lebanon gas vesselLebanon aims to develop its regasification units. (Image source: Bill Word/Flickr)Malaysian national oil company Petroliam Nasional Bhd (Petronas), along with 12 international companies, has been shortlisted to develop three floating, storage and regasification units (FSRUs) in Lebanon

As reported in The Edge Markets, the US$1.2 billion contract to build three FSRUs are slated to be anchored at Beddawi, Selaata, and Zahrani.

According to the source, some of the international consortia that qualified in the Lebanon FSRU bid include Japan’s Kawasaki, Norway’s K-Line, US’ Fluor, Dutch company Vitol, the US-based Excelerate, France’s Total etc.

The offers from the 13 prequalified oil and gas companies and the decision of the winner will be announced early next year, said the source.

The plan for developing FSRUs in Lebanon date back to 2013. In June 2018, Lebanon’s Ministry of Energy and Water launched a bidding proposal for the three FSRUs after 13 international and local consortiums prequalified to take part in the tender. The project, once operational, is expected to boost power generation capacity to meet the local demand in the country.

Petronas said to the source that winning this kind of contract is seen as a boost for the company to secure more such projects across the globe.

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