Monadelphous wins $250m worth of gas contracts

Engineering firm secures three contracts with LNG project in Queensland.

Monadelphous Group has signed three Queensland gas contracts with the Australia Pacific LNG Project, worth $250 million in total.

In a statement, the engineering firm said the largest contract is to construct an upstream gas processing facility.

The other contracts include the construction of a pipeline compression facility and an interconnect facility.

Work is due to be completed in line with the project's plans to deliver first LNG in mid-2015.

The Australia Pacific LNG Project is a joint venture between Origin Energy, Conoco Phillips and Sinopec.

InvestSMART FORUM: Come and meet the team

We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles