the hype is in the pipe, page-33

I know that this press release by GTT is about 6 weeks old. However, in the absence of any ASX announcements by EWC, it is, at the very least, confirmation that construction progress regarding the Sengkang LNG project and the LNG hub (Philippines) continues to be made. Below is GTT’s press release.

23 December, 2013

GTT is pleased to announce that the construction of the two LNG storage tanks ordered by EWC in Southeast Asia is progressing.
In 2009 and 2011, Energy World Corporation (EWC) and GTT signed two contracts for Land storage tank construction in Indonesia and the Philippines, to be equipped with GTT’s GST® Membrane Full Integrity System. For both projects, GTT supervises the detailed design of the storage tank containment systems, provides technical assistance on site during the containment systems installation and will assist the Operator during the whole tank life.
The first project between EWC and GTT is the Sengkang LNG site development project, in Keera, province of South Sulawesi in Indonesia. So far, the base slabs are completed and the slip form equipment which will erect the wall of the 88.000m3 tank is being assembled.
The second project of a 130.000m3 LNG storage tank is being built for LNG Hub Terminal on Pagbilao Grande Island, Quezon Province, in the Philippines. Base slab construction is completed and slip form equipment is ready for the construction of the walls.
Stewart W. G. Elliott, Chairman, Managing Director and Chief Executive Officer of EWC, explained that it is a significant construction step for the Philippines first LNG receiving terminal and for the Indonesian liquefaction plant.
Philippe Berterottière, President & CEO of GTT stated that these projects are significant first steps on the return of GTT membrane type land storage systems to the World market. These projects both benefit from the inherent cost and schedule advantages of the GTT design.