China's Poly-GCL in talks with SembMarine for FLNG project
Sembcorp Marine's proprietary Gravifloat FLNG concept puts it in pole position, beating proposals from S Korea and China
Singapore
THE oil and gas business partnership between Chinese conglomerates Poly Group and GCL Group is in final talks with Sembcorp Marine (SMM) for the supply of a newbuild floating liquefaction plant (FLNG) towards the development of what may be Ethiopia's first liquefied natural gas (LNG) export project.
The president of Poly-GCL Petroleum Holdings told The Business Times recently that after spending more than a year reviewing proposals from South Korea, China and Singapore, SMM has emerged as the front runner with its proprietary Gravifloat FLNG concept.
A project award from Poly-GCL would spell a breakthrough for the com…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
VinFast chief plans to invest US$1 billion more from his fortune in EV maker
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’
Asia: Markets mixed as global rally stalls, eyes on yen
Morgan Stanley Asia private equity unit to reorganise as CEO retires