Samsung Unit Inks $3B Deal To Build Aussie Gas Site

Law360, New York (February 13, 2012, 11:30 PM EST) -- A Samsung Group construction unit has inked a 3.05 trillion won ($2.72 billion) deal with Japanese energy company Inpex Corp. to build an offshore natural gas processing facility as part of a $34 billion subsea project in northern Australia, it said Monday.

The central processing facility, scheduled to be delivered by the end of 2015, will be part of the new Ichthys liquefied natural gas plant in Australia's Northern Territory, according to Samsung Heavy Industries Co. Ltd.

The Ichthys project, a joint venture between subsidiaries of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.