Skip to main content

Magnolia LNG EPC contract extended

Published by
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 30 June 2019.

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).

Magnolia LNG continues to be well positioned to lead the next generation of US LNG export projects. The project is construction-ready, having secured equity financing, FERC ‘notice to proceed’, US Department of Energy (DOE) non-FTA and FTA export approval, and a LSTK EPC contract.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/20122018/magnolia-lng-epc-contract-extended/

You might also like

Kabel Schlepp

WEBINAR - Key criteria to ensure proper selection of a cable drag chain

In this webinar KabelSchlepp will review and discuss the items needed to ensure that a cable track is properly selected and sized for the user’s application. How diameters and weights of the fill package effect cable track selection and how the jacket material of the fill package influences the cable track design. Register for free today »

 

PTT buys year’s supply of LNG

Thailand’s PTT has purchased 10 LNG cargoes for delivery over the course of a year, starting in March 2020.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

LNG project news US LNG news LNG export news Current LNG projects