Italian oil services company Saipem SpA (SPM.MI) Friday said it has got an offshore contract worth EUR390 million for a liquified natural gas terminal near Livorno, northwest Italy.
In a statement, Saipem, a unit of oil and gas company Eni SpA (E), said it expects the work to be completed within three years. The contract includes offshore installation and commissioning for the LNG terminal, 20 kilometers from the coast of Tuscany.