Ezion Holdings wins Aussie LNG deal

Contracts, Tenders and Rates - May 10, 2012

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The Board of Directors of Ezion Holdings Limited have announced that the Group has been awarded a second contract to provide full logistics and support services activities for the haulage of equipment and modules for the development of LNG facilities on Curtis Island, Queensland, Australia.

This LNG facility which is the second of the eight proposed in Queensland, Australia, has an initial capacity of 3 to 4 million tonnes per annum (Mtpa) and expected to increase production to 10 Mtpa.

The Queensland government has estimated that 50 Mtpa of LNG could be produced
from the Surat and Bowen Basins in Queensland that could be piped to the coast for export.

The above mentioned contract is the third major LNG related project that the Group has secured in Australia since 2009.

The Group is currently in discussion with its client to finalize the final scope and contract value of the above mentioned project which is expected to be comparable to the first LNG project on Curtis Island that the Group has secured and announced on the 8th August 2011.

The contract is expected to commence in the first quarter of 2013.

 

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