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Hyundai Engineering & Construction, consortium wins $3.4 billion order in Turkmenistan

(Photo: Ethane Separation Plant constructed by Flour)

Hyundai Engineering & Construction Co Ltd (HDEC) and consortium with two other companies won an order worth 3.7 trillion won, or $3.4 billion US Dollar, order to build ethane treatment facilities in Turkmenistan from Turkmengas, the country's state gas company.

On 2010, Hyundai Engineering Co., Ltd (HEC) with other consortium won a $1.48 Billion US Dollar for LNG project.

In a regulatory filing, Hyundai Engineering & Construction Co Ltd (HDEC)' contract would take effect after certain conditions, such as a finance agreement, were met, after which construction is expected to take 47 months.


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