China's Bomesc Inks USD610 Million Deal for Russian LNG Plant; Shares Gain by Limit(Yicai Global) July 26 -- Bomesc Offshore Engineering, a Chinese supplier of fabrication and construction services to the oil and gas industry, has won a CNY4.2 billion (USD610.5 million) contract for floating plant modules at a Russian liquefied natural gas project. The firm's shares rose by the daily trading limit.
The Tianjin-based company's stock price [SHA:603727] gained 10 percent today to end the week at CNY21.12 (USD3.10).
It recently signed a deal with TechnipFMC, the French operator of the project in Russia's northern Gyda Peninsula, Bomesc said in a statement yesterday. Construction of the plant modules will run from this December to May 2022 and they will be delivered in phased at Bomesc's wharf in Tianjin.
The company will be responsible for the design, procurement, processing and manufacturing of the modules as well as debugging. No further details were disclosed.
