Local reports in Korea suggest a multi-billion dollar dispute is in-progress between Hyundai Heavy Industries (HHI) and Barzan Gas Company, the latter essentially being the source of feedgas for the keenly anticipated Qatar 3 helium plant.
The dispute is reported to concern the Barzan Offshore Plant, which is offshore Qatar and understood to be subject to a gas leak in one of its upstream pipelines.
The plant was completed by HHI in 2015 but with the pipeline leak requiring repair, Barzan Gas Company has seemingly requested arbitration with the International Chamber of Commerce for the necessary maintenance funds from HHI. The level of funds requested, and the apparent blame for the gas leak, are at the heart of the dispute, though it is hoped that this can be resolved both amicably and swiftly.
... to continue reading you must be subscribed