EPCC contract signed for Thi Vai LPG depot

December 01, 2010 | 21:39

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The PetroVietnam Gas Corporation (PV Gas) and its contractors signed a $114 million contract on November 30 to build the Thi Vai liquefied petroleum gas (LPG) depot in southern Ba Ria-Vung Tau province.

The contractors, the PetroVietnam Construction Corporation (PVX) and the South Korea's Daewoo Engineering Company (DEC), will carry out the project within 22 months after the contract comes into effect.

Under the terms of the EPCC (engineering, procurement, construction and commissioning) contract, PVX will carry out works to the tune of $59 million, while DEC will perform works worth $55 million.

Covering an area of 5.3 hectares in the Cai Mep Industrial Park, the depot is capable of storing 60,000 tonnes, equivalent to 15,000 m3 of LPG, making it the largest of its kind in Vietnam.

The depot is expected to help PV Gas stabilise its supply of LPG to the local market and ensure the nation’s energy security.

Vietnam now houses 26 LPD depots, with a total capacity of 61,000 m3, mainly in the northern port city of Haiphong , the central port city of Danang, the southern province of Dong Nai, Ho Chi Minh City, the Mekong Delta city of Can Tho and the oil-rich province of Ba Ria-Vung Tau.

nhandan

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