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Magnolia LNG EPC contract extended

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LNG Industry,


LNG Limited has extended the validity period of its current binding engineering, procurement, and construction (EPC) contract with KSJV (a KBR – SKE&C joint venture led by KBR) for its 100% owned subsidiary, Magnolia LNG, LLC.

The binding lump sum turnkey (LSTK) EPC US$4.354 billion contract is now valid through 31 December 2018.

The initial agreement with KSJV was signed on 16 November 2015 with an installed capacity EPC cost/tonne range of US$495 to US$544 based on final design at final investment decision (FID).

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/18062018/magnolia-lng-epc-contract-extended/

 

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