Magnolia LNG EPC contract extended
Published by Will Owen,
LNG Limited (LNGL) 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$4.623 billion, contract providing an installed EPC cost/tonne of US$525 is now valid through 30 June 2020.
The agreement incorporates the 0.8 million tpy capacity uplift for Magnolia, which has received a draft supplemental environmental impact statement (SEIS) from the US Federal Energy Regulatory Commission (FERC), for a total installed capacity of 8.8 million tpy. FERC is expected to complete its regulatory review of Magnolia’s capacity uplift early next year.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/26112019/magnolia-lng-epc-contract-extended/
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