The Portuguese construction company Zagope - Construcoes e Engenharia S.A., part of Brazil's Groupe Andare Gutierrez, has been showing interest in the implementation of a project for the building in Ukraine of a liquefied natural gas (LNG) terminal.
"The company Zagope is interested in being part of the LNG terminal," head of the state's agency for investment and managing national projects Gosinvestagentstvo Vladislav Kaskiv told the press on Friday.
He did not provide additional details, as the Portuguese company has only just offered to take part. Investment is at issue here, he said.
Interfax has been unable to obtain comments from Groupe Andare Gutierrez manager Joao Pimentel, who presented in investment proposal to Kaskiv.
Ukraine plans to announce before October a tender for the selection of partners for the creation of a consortium for the LNG terminal project. Plans call for setting up a management company before then that will draw up project documentation and prepare the investor tender. The state's stake in the management company will be 25%-50%. According to the feasibility study, the cost of the terminal - with 10 billion cubic meters (bcm) annual handling capacity - is an estimated EUR 735 million. It is slated to be built near the oil terminal PAO Ukrtransnafta and the commercial seaport Yuzhny.
Zagope - Construcoes e Engenharia S.A. (Empresa Geral de Obras Publicas Terrestres e Maritimas until 2000) was set up in 1967. The company specializes in the building of social facilities, and has been involved in the development and modernization of grid infrastructure in Europe, Africa, the Middle East, and Asia.
The Andare Gutierrez group acquired the Portuguese company in 1998. The group's interests are focused on construction, telecommunications, infrastructural facilities (concession), and electric power.
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(Originally published May 25, 2012, in Russia & CIS Business and Financial Newswire.)