Abu Dhabi awards $9.2 bln gas contracts to foreign firmsState-run Abu Dhabi Gas Industries Ltd (GASCO GASCO National Gas & Ind. Co. (Saudi Arabia) ) has awarded contracts worth 9.2 billion dollars to international firms to set up integrated gas systems projects, the company said Wednesday. The contracts are for "engineering, procurement, construction and commissioning (EPC (1) (Entertainment PC) See HTPC. (2) (Electronic Product Code) A standard code for RFID tags administered by EPCglobal Inc. (www.epcglobalinc.org). ) works for integrated gas systems projects" at the Ruwais and Habshan gas plants, a statement on the official WAM news agency said. Eighteen companies competed for the contracts. Companies which won include a consortium of Japan's JGC and Italy's Tecnimont, Hyundai Engineering and Construction Hyundai Engineering and Construction Co., Ltd. KSE: 000720 (abbreviation: HDEC or HEC) is a major construction company in South Korea which has carried out projects not only in Korea but around the world. , the US company CBI and a consortium of Petrofac and Korea's GS Construction and Engineering. The UAE, which is an OPEC OPEC: see Organization of Petroleum Exporting Countries. OPEC in full Organization of the Petroleum Exporting Countries Multinational organization established in 1960 to coordinate the petroleum production and export policies of its member, holds the world's fifth-largest gas reserves, but a sizable portion of it is sour gas with a high concentration of sulphur, experts have said. Need for natural gas in the booming seven-member federation UAE is forecast to grow rapidly to about six billion cubic feet daily by 2020 and most of it will be used for power generation and water desalination plants. Projects announced by GASCO include a gas treatment plant at the Habshan Gas Complex, as well as a "LNG fractionation fractionation /frac·tion·a·tion/ (frak?shun-a´shun) 1. in radiology, division of the total dose of radiation into small doses administered at intervals. 2. train at the Ruwais Plant and storage tanks for propane, butane and pentane pen·tane n. Any of three colorless, flammable isomeric hydrocarbons, C5H12, derived from petroleum and used as solvents. products." GASCO, a subsidiary of the Abu Dhabi National Oil Company, said that the projects were due to be completed by "the third quarter of 2013." 
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