Welspun wins major gas project in Argentina
Welspun secured a $200 million contract for a gas pipeline project in Argentina, defeating Tenaris, which has lost a major energy project for the first time in over 70 years. The pipeline will span 500 kilometers, enhancing LNG exports from the Vaca Muerta region.
after close1 source ↓written by the desknot a recommendation
- liquefied natural gas
- $200 million
- gas pipeline transporting
- 500-kilometer
Argentina awarded a key gas project to Welspun, which won a tender to supply pipelines for a $200 million liquefied natural gas (LNG) export project in the Vaca Muerta region. This contract marks a significant loss for Tenaris, which has been the sole pipe producer for energy projects in Argentina for over 70 years.
The project involves a 500-kilometer gas pipeline transporting gas to the coast for liquefaction and export, enhancing Welspun's position in the international market.
Not investment advice. For informational purposes only.