Gas Arabian Services Co. (GAS), Saudi Arabia announced in a statement that it has received two non-binding letters of intent (LOIs) from Saudi Aramco for engineering, procurement, and construction (EPC) contracts.
The Combined value of the contracts are worth SAR 760.9 million.
The Project Scope involves the the expansion of the Master Gas System network (MGS) from SHEDGUM to east-west pump stations-1 (EWPS-1), as well as the expansion of the MGS in the East and Qassim Clusters.
GAS stated that the expansion of the MGS from SHEDGUM to EWPS-1 contract is valued at SAR 344.6 million, while the other project costs SAR 416.3 million.
The LOIs are valid for 90 days from the signing date, subject to sealing a final contract in writing between the two companies.