China Petroleum Engineering (600339.SH) has won the bid for the EPC project of LNG transportation pipeline, with an expected contract value of approximately 513 million US dollars.

China Petroleum Engineering (600339.SH) has announced that its wholly-owned subsidiary, Petrochina Pipeline Engineering Co., Ltd. (referred to as CPP), has received the award letter for the EPC project of LNG transmission pipelines from the owner, ADNOC Gas Operations & Marketing L.L.C. (referred to as ADNOC Gas). The project involves the construction of a pipeline from HABSHAN oil field to RUWAIS industrial area, including a new 56-inch suction pipeline approximately 26 kilometers long and a high-pressure output pipeline with a diameter of 52 inches and a length of approximately 155 kilometers. The contract amount (excluding VAT) is estimated to be approximately $513 million (approximately RMB 3.761 billion), with a project duration of 36 months.