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/