A consortium led by Portugal's Somague has reportedly won a contract to expand the LNG terminal in Sines, at an investment of around €158.7m over the next three years.

The newly announced deal was declared by Somague's Spanish parent company, Sacyr Vallehermoso in mid May.

The Sines terminal, 100km south of Lisbon, receives, stores and regasifies LNG, with the expansion work expected to be completed by May 2012.

Planned expansion will lift storage capacity at the Sines terminal by 150,000 cubic metres, to 390,000 cubic metres.