Liquefied Natural Gas Limited (LNGL) has had its $4.354bn EPC contract extended by KSJV for its Magnolia LNG subsidiary.
LNGL Managing Director and Chief Executive Officer, Greg Vesey, said: “KSJV is one of our key and valued partners, and we appreciate their continuous support. Our EPC contract with KSJV is an important component of the overall de-risked position of the project.”
KBR President and CEO, Stuart Bradie said: “KSJV is proud to partner with LNG Limited on this important project. We welcome the opportunity to continue applying our experience with major, complex projects to achieve successful completion of this innovative midscale LNG facility.”
Magnolia LNG aims to construct and operate up to four liquefaction production trains, each with a capacity of two mtpa or greater using the company’s patented OSMR LNG process technology. Construction and operation includes two 160,000 m3 full containment storage tanks, ship, barge, and truck loading facilities, and supporting infrastructure.
The LSTK EPC contract includes all elements of the project necessary to bring the facility into full guaranteed production operations.
For more information visit www.lnglimited.com.au
3rd Jan 2018
