Welspun Corp wins $15 billion LNG project in Argentina
Welspun Corp has been awarded a $15 billion LNG project in Argentina, marking a significant competitive win over local firm Techint. The winning bid was 40% lower than Techint's, indicating strong pricing strategy and market positioning for Welspun.
after close1 source ↓written by the desknot a recommendation
- liquefied natural gas
- $15 billion
- than Techint's
- 40% lower
Indian firm Welspun Corp has been selected by Southern Energy as the pipe supplier for a $15 billion liquefied natural gas (LNG) export project from the Vaca Muerta field. This win marks a significant achievement, as it is the first time in over 70 years that local competitor Techint has not secured a major energy project in Argentina.
The winning bid was 40% lower than Techint's, showcasing competitive pricing against 13 other international bidders. This development may enhance Welspun's market position in the energy sector.
Not investment advice. For informational purposes only.