"We anticipate that we will complete the construction of the first train and associated works and undertake commissioning and commence operations within 2015," EWC said.
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"Project debt financing for the Sengkang LNG Project is being finalized with a leading Indonesian domestic bank. LNG product off-take discussions are being discussed with PLN who require LNG for its power operations in eastern Indonesia," EWC added.
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Over in the Philippines, EWC expects to complete the construction, commissioning and commencement of commercial operation of the Philippines LNG Hub and associated works this year, later than the timeline of end 2014/early 2015 as indicated by CEO Stewart W.G. Elliot in June 2014.
EWC Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
