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Boskalis, Jan de Nul Win LNG Contract

Royal Boskalis Westminster nv and Jan de Nul have won a joint venture contract for construction of an LNG export terminal in Soyo, Angola. The contract involves creating new land at sea as well as dredging an access channel.

The contract is worth approximately €300 million in which each company has a 50 percent share. The work will be completed by the end of 2008.

The access channel will be constructed by heavy cutters that will dredge 26 million cubic meters of material. About five million cubic meters will be used to create 140 hectares of new land on which the LNG terminal will be built. In addition, some medium-sized hoppers will be used to dredge two million cubic meters of sand for the new land.

This project in Angola is one of a series of large-scale LNG projects on the global maritime infrastructure market. The market is driven by long-term factors, such as increases in the global population, the growth of the global economy and international trade volumes and the developments on the energy markets.

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