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    Reuters: Italy's Saipem Says Needs More Money to Finish Poland's LNG Terminal

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Summary

Italian company Saipem has said that it will continue construction on the delayed LNG terminal but only if it is given further payment to do so

by: Erica Mills

Posted in:

Press Notes

Reuters: Italy's Saipem Says Needs More Money to Finish Poland's LNG Terminal

Italian firm Saipem will complete the delayed construction of Poland's liquefied natural gas (LNG) terminal this summer, but only if it receives further payment, Polish daily Rzeczpospolita said, quoting Saipem's spokeswoman.

Saipem is leading the consortium which is building the terminal in the Baltic city of Swinoujscie.

"The LNG terminal will be ready to take the first loads in the summer, assuming that the consortium receives appropriate support from Polskie LNG and that financing of the terminal's full operations in the following months will be provided," Camilla Palladino told Rzeczpospolita.

Read the full article HERE.