China's Poly-GCL in talks with SembMarine for FLNG project

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…