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Samsung Engineering Set to Win $1 Billion LNG Project

Samsung Engineering Co., South Korea’s largest engineering company, expects to win its first liquefied natural gas project contract that could be worth more than $1 billion.

Samsung Engineering will initially get a $5 million contract later this month to design a terminal in Brownsville for Texas LNG LLC to export gas, Edward Kang, a spokesman at the Seoul-based company said today, confirming a statement on Texas LNG’s website. Under the agreement, the Samsung Group company will also build the facility to be completed in 2019, he said.