ENERGY & OFFSHORE | Staff Reporter, Singapore

Singapore's first liquefied natural gas terminal to open in 2013

Hiap Seng Engineering sealed the $31.2 million contract for the terminal's construction.

Hiap Seng will be responsible for the piping, equipment and tank construction works for the Singapore LNG
Terminal Project.

The Works are scheduled to commence in June 2011 and are expected to be completed by May 2013.

Barring any unforeseen circumstances, the Group expects a positive contribution to its earnings from this contract but does not expect any material impact on the net tangible assets or earnings per share for the current financial year ending 31 March 2012.

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