A Joint Venture comprising Saipem and the engineering company Sofregaz has been awarded the lump sum turnkey contract of the Fos Cavaou LNG receiving terminal in the South of France, 50km West of Marseille.



Saipem’s share of the contract, awarded by Gaz de France following an international tender, is amounting to approximately Euro 180 million.



The scope of work of the Joint Venture comprises the engineering, procurement, construction (EPC) of the overall terminal facilities, including three LNG storage tanks of 110,000 m3 each and a capacity of 8.25 Bcm/year, the associated marine works and the regasification facilities.



The project is expected to be completed by mid 2007.