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.