Magnolia LNG EPC contract extended
Liquefied Natural Gas Limited has extended the validity period of its current binding engineering, procurement, and construction (EPC) contract with KSJV (a KBR – SKE&C jointventure led by KBR) for its 100% owned subsidiary, Magnolia LNG LLC.
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| Source: EWA |
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 June 30, 2020.
The agreement incorporates the 0.8 million tonnes per annum (mtpa) capacity uplift for Magnolia, which has received a draft Supplemental Environmental Impact Statement (SEIS) from the Federal Energy Regulatory Commission (FERC), for a total installed capacity of 8.8 mtpa.
FERC is expected to complete its regulatory review of Magnolia’s capacity uplift early next year.
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