On the 24th of November US liquefaction VGLNG awarded KBR the engineering, procurement and construction contract for their 10M metric tons/year phase 1 Plaquemines LNG liquefaction facility in Louisiana. The engineering company KBR will install the owner-furnished equipment, identical to those recently delivered for the Calcasieu Pass Project.
For over 40 years, KBR has been a leader in LNG by delivering innovative solutions to meet industry demands, and shares VGLNG’s commitment to the execution of the project. The Company has an exceptional record in the LNG industry, having designed and delivered approximately a third of global liquefaction capacity. According to Mike Sabel, Venture Global’s Chief Executive, this contract will allow a world-class LNG production facility to be brought to market, in time and on budget.
Each plant will use 18 trains, identical to the Baker Hughes trains from the Calcasieu Pass export facility, which were used to connect the first liquefaction train. Venture Global planned to achieve FID by the end of 2020, but they have delayed the start for Plaquemines until mid-2021, with output anticipated in 2024.
This project has received all regulatory approvals required for its development and a binding 20-year offtake agreement contract for 3.5 million tpa of the project’s capacity (with 2.5 million tpa for PGNiG and 1 million tpa for EDF). Venture Global wants to go further and recently announced its intention to increase Plaquemines LNG’s export capacity to 20 million tpa for an estimated US$8.5 billion.
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by Ana Aspe