Under the EPC contract KBR will integrate highly modularized, owner-furnished equipment for the Plaquemines facility, which will be located along the Mississippi River south of New Orleans. “They recognize that our innovation of mid-scale, modular trains manufactured in a factory setting and delivered complete to site is revolutionizing this industry.” “KBR has an exceptional record in the LNG industry, having designed and delivered approximately a third of the liquefaction capacity worldwide,” Venture Global Executive Co-Chairman and CEO Mike Sabel remarked in a written statement emailed to Rigzone. (NYSE: KBR) has won the engineering, procurement and construction (EPC) contract as lead contractor for Phase 1 of the Plaquemines LNG export project under development in Plaquemines Parish, La., developer Venture Global LNG, Inc. “Speed matters more than ever and Venture Global is uniquely positioned to quickly bring US LNG to the market to support global energy security and environmental progress,” Sabel said.KBR, Inc. Sabel said the project had attracted “robust financial and commercial support” which enabled the firm to formally sanction this project at a “critical moment” for energy markets. He said Plaquemines LNG would build on the success of Calcasieu Pass, which broke global records for speed and execution. I want to thank our team for their tireless efforts to support this remarkable achievement,” Mike Sabel, CEO of Venture Global LNG, said. “The Venture Global team is proud to announce FID on our second project, Plaquemines LNG, just months after exports began at Calcasieu Pass. The full facility will have up to thirty-six 0.626 mtpa liquefaction trains, configured in eighteen blocks. Plaquemines LNG will deploy Venture Global’s liquefaction trains identical to the units at its Calcasieu Pass project. Honeywell will also provide its tech to the project. The project’s main contractors are KBR and Zachry.Ĭhart secured orders for both of the phases from Baker Hughes to provide cold boxes and brazed aluminum heat exchangers. Venture Global did not provide the timeline for the Plaquemines LNG project in the newest statement, but it previously said that it would launch the first phase in 2024. The 20 mtpa CP2 LNG facility will be located in Cameron Parish, Louisiana. Venture Global is also working on the company’s third facility, CP2, and it has signed two SPAs with ExxonMobil and New Fortress Energy for this project. Plaquemines LNG phase one customers include PGNiG, Sinopec, CNOOC, Shell, and EDF.Īs per the second phase, customers announced to date include ExxonMobil, Petronas, and New Fortress Energy. The company has executed 20-year sales and purchase agreements (SPAs) for 80 percent of the full 20 mtpa project. It previously said the first phase would have 10 mtpa capacity, while the second phase would have 20 mtpa capacity. Venture Global also boosted the size of the initial phase of the project to 13.33 mtpa. Some of the lenders are Bank of America, Bank of China, Deutsche Bank, ING Capital, JPMorgan Chase Bank, Royal Bank of Canada, and Sumitomo Mitsui Banking. Vetnure Global said the lender group for the company’s construction financing includes the world’s leading banks, spanning multiple continents. The proceeds of the debt and equity financing fully fund the balance of construction and commissioning of the initial phase. Venture Global said in a statement on Wednesday that this transaction represents the largest project financing in the world closed to date in 2022.Īlso, this is the first LNG project located in the US to reach financial close since Venture Global’s Calcasieu Pass facility in August 2019, it said. The company also secured $13.2 billion in project financing. US firm Venture Global LNG said it has taken a final investment decision for the first phase of its Plaquemines LNG export plant and the related pipeline in Louisiana.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |