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| Volvo to supply machines to Papua New Guinea oil and gas project  Volvo Construction Equipment will supply a fleet of 125 machines to support a liquid natural gas project in Papua New Guinea – after signing contracts for two subprojects.The Papua New Guinea liquid natural gas project (PNG LNG) will provide energy for the Asia-Pacific region, jobs, and economic benefits for Papua New Guinea. The project will develop gas and liquid hydrocarbon resources located in the country's southern highlands and western province, and transport the gas via pipeline to a LNG facility for shipment to overseas markets. The first 55 Volvo machines – mostly articulated haulers and excavators – will go to the first sub project run by MCJV to build an Airfield at Komo to access the country's undeveloped Juha region. MCJV is a joint venture between Australian company MacDow and Greek company CCC. A further 70 units – mostly articulated haulers and pipelayers – have been signed to another contractor to help build a Pipeline to transport the gas. Both customers are leaders in the oil and gas industry and the deal is a breakthrough for Volvo Construction Equipment in this segment. write your comments about the article :: © 2010 Construction News :: home page |