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Thursday, 26 January 2017

CORRECTED-UPDATE 1-Australia's Ichthys LNG dealt blow as major contractor pulls plug | Reuters

CORRECTED-UPDATE 1-Australia's Ichthys LNG dealt blow as major contractor pulls plug | Reuters:

"Australia's over $35 billion Ichthys liquefied natural gas (LNG) export project has been dealt a blow as engineering firm CIMIC, involved in building the facility's power station, announced on Wednesday it was pulling the plug. "CIMIC Group advises that the ... consortium (building the power station) ... has terminated its contract with JKC Australia LNG Pty Ltd for the design, construction and commissioning of the Ichthys Combined Cycle Power Plant (CCPP) project," CIMIC said in a statement to the Australian Securities Exchange Ltd (ASX) on Wednesday. CIMIC spokeswoman Fiona Tyndall said "we are not going beyond what we have said in that ASX statement.""



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