Saipem, in joint venture with Daewoo E&C Co. Ltd. and Chiyoda Corporation (SCD JV), has been awarded by Nigeria LNG Limited the contracts for the Engineering, Procurement & Construction of the Nigeria LNG Train 7 Project to be executed at Bonny Island LNG complex in Nigeria. The overall value of the contracts is above USD 4 billion and Saipem's share amounts to around 2.7 billion USD.

This award follows the signature of the Letter of Intent communicated on September 12, 2019. The NLNG Train 7 Project consists of the construction of one complete LNG train and one additional liquefaction unit with a total capacity of approximately eight (8) MTPA, plus other extensive associated utilities and infrastructures. The award of this contract contributes to increase the portion of non-oil-related backlog and confirms the overcoming of the link between Saipem's share value and oil price.