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Genting signs $1.3b deal for floating LNG facility with China firm
The Straits Times
|June 22, 2024
Genting has signed a US$962.8 million (S$1.3 billion) deal for a floating liquefied natural gas (LNG) facility from China's Wison New Energies, the Malaysian company said on June 20.
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The facility, to be used in Indonesia's West Papua region, will have a capacity of 1.2 million metric tons per annum with the first drop scheduled for the third quarter of 2026, Genting said in a statement. Wison will construct the facility at its shipyards in Nantong and Zhoushan, China.
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