Saipem-led consortium wants up to $49 mln more for building Polish LNG terminal

PBG SA w restrukturyzacji w likwidacji

19/07/2016 11:08

WARSAW, July 19 (Reuters) - The consortium that built 
Poland's new liquefied natural gas (LNG) terminal has filed a 
request for an additional payment of up to $49 million for the 
project from Polskie LNG, which operates the facility, a 
consortium member said on Tuesday. 
    Polish construction company PBG  PBGG.WA , part of the 
consortium which was led by Italy's Saipem  SPMI.MI  and also 
included Italy's Techint Compagnia Tecnica Internazionale, said 
in a statement that the consortium had filed a request for 
arbitration against state-owned Polskie LNG for building the 
terminal.  
    It did not say exactly what work the additional payment 
would cover but the project was subject to numerous delays. 
    The LNG terminal at the Baltic Sea, which cost around 3 
billion zlotys, was completed last year, a year later than 
scheduled, and received its first spot gas cargo in June this 
year.  
    "The consortium will take legal steps to secure an 
additional payment connected with the realisation of the ... 
contract amounting to no more than 195 million zlotys net ($49 
million)," PBG said in a statement. 
    PBG said the consortium will file at a later stage a formal 
suit against Polskie LNG, which is owned by the state gas 
pipelines operator Gaz-System. 
    PBG, currently in bankruptcy proceedings, has limited its 
share in the consortium, and said the arbitration will not have 
an impact on its future revenue.  
 
 ($1 = 3.9574 zlotys) 
 
 (Reporting by Marcin Goettig; Editing by Susan Fenton) 
 ((marcin.goettig@thomsonreuters.com; +48226539720; Reuters 
Messaging: marcin.goettig.reuters.com@thomsonreuters.net)) 
 
Keywords: SAIPEM POLAND/LNG TERMINAL