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LNG Limited extends Magnolia LNG EPC contract

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LNG Industry,

LNG Limited has announced that it has extended the validity period of its current binding engineering, procurement and construction (EPC) contract with KSJV for its wholly owned subsidiary, Magnolia LNG LLC.

The binding lump sum turnkey (LSTK) EPC contract is now valid though 31 December 2017. KSJV is a joint venture (JV) between SKE&C and KBR, which is led by KBR.

The Managing Director and CEO of LNG Limited, Greg Vesey, said: “The extension of our agreement with KBR-SK E&C provides us with additional confidence as we focus on finalising offtake agreements and moving toward a final investment decision (FID) for Magnolia, while we also maintain Magnolia’s standing as the low cost, low risk, construction ready Gulf Coast LNG export project.”

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LNG project news US LNG news Gulf coast LNG news LNG export news