Samsung Engineering, the first and largest engineering company in Korea, announced it was awarded the Terengganu Gas Terminal (TGAST) Development Project from Petronas Carigali Sdn Bhd (PCSB), a subsidiary of Malaysia’s state-owned entity Petronas, and Hess Exploration and Production Malaysia B.V.(HESS), a subsidiary of the US energy company. PCSB and HESS respectively hold 75% and 25% of the project’s stake, and the contract totals up to around $770 million for engineering, procurement and construction (EPC) on a lump sum turnkey basis.

The gas pretreatment facility will be built in Kerteh, Terengganu region, 260km northeast from the capital Kuala Lumpur. This plant will reduce impurities such as carbon dioxide (CO2) and hydrogen sulfide (H2S) from Natural Gas at large-scale of 700 million cubic feet per day (700 MMSCFD) and is expected to reach its completion in 2016.
A Samsung Engineering official stated: “We believe that we have shown strong track record in gas plant sector over the past years and this resulted in earning new trust from our client” Further he mentioned: “Our goal is to continue this partnership and strengthen our position in gas plant market by successfully completing this project.”

About Samsung Engineering
Founded in 1970, Samsung Engineering has grown from a modest domestic engineering firm to a globally recognized name in the EPC market. Attracting talent from around the world, Samsung Engineering has broadened its business portfolio to a full range of engineering services: upstream and downstream hydrocarbon facilities; power plants; water and waste treatment plants; and industrial production facilities.