Skip to main content

Magnolia LNG contract extended

Published by , Digital Assistant Editor
Hydrocarbon Engineering,


Liquefied Natural Gas Ltd (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 wholly owned subsidiary, Magnolia LNG, LLC (Magnolia). The binding lump sum turnkey (LSTK) EPC contract is now valid through December 2017.

LNGL Managing Director and Chief Executive Officer, Greg Vesey, stated: “The extension of our agreement with KBR-SK E&C provides us with additional confidence as we focus on finalizing offtake agreements and moving toward a final investment decision (FID) for Magnolia, while we also maintain Magnolia’s standing as the low cost, low risk, construction ready Gulf Coast LNG export project.”

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/13062017/magnolia-lng-contract-extended/

You might also like

The Hydrocarbon Engineering Podcast - Education and training for every phase of the insulating system design process

In this episode of the Hydrocarbon Engineering Podcast, Brandon Stambaugh, Owens Corning Director for Technical Services, joins us to discuss engineers’ demand for education and training to support the critical phases that affect the performance and longevity of insulating systems.

Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

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