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Bouygues Unit Tapped To Build LNG Facility

Maritime Activity Reports, Inc.

June 21, 2000

Bouygues Offshore’s SN Technigaz won a contract worth approximately $82 million in Spain. Bahia de Bizkaia Gaz (BBG) chose SN Technigaz to build a liquefied natural gas (LNG) import and regasification terminal in Bilbao, Spain. The BBG contract will be carried out via a joint venture between SN Technigaz, Initec and Sofregaz, it said. The total value of the tripartite contract is $204 million. BBG is a Spanish gas marketing company owned equally by BP Amoco, Repsol, Iberdrola and Ente Vasco de la Energia.

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