Samsung Engineering receives US$1.1 bln order from Thai PTT

Samsung Engineering Co. has received a US$1.1 bln contract from Thailand's PTT Pcl to build gas plants. The value of this order makes it the biggest Thai order for South Korea's No. 1 engineering company. The US$1.1 bln deal includes Samsung's previous contract with PTT, announced on July 24, to build a chemical plant for US$470 million. The gas-separation project will be built in Rayong, about 180 kms southeast of Bangkok, is estimated to be completed by March 2010, and will have the capacity to produce 1.6 billion cubic feet of gas a day. The gas separation plant is PTT's sixth such facility, which will be part of the company's plan to increase the value of natural gas from fields in the Gulf of Thailand.
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