Welspun wins major gas pipeline contract in Argentina
pre-market1 source ↓written by the desknot a recommendation
- valued
- $200 million
- of pipelines
- 500 kilometers
Argentina awarded a significant gas project to Indian pipe manufacturer Welspun, which won a tender against 13 competitors, including Tenaris. The contract, valued at over $200 million, involves supplying nearly 500 kilometers of pipelines from Vaca Muerta to the coast for LNG export. This marks a historic loss for Tenaris, the sole local pipe producer.
Not investment advice. For informational purposes only.