ARLINGTON, Va.—Venture Global LNG Inc. announced that KBR has been awarded the engineering, procurement and construction (EPC) contract as lead contractor for Phase 1 of the Plaquemines LNG export project currently under development in Plaquemines Parish, La. KBR will integrate highly modularized, owner-furnished equipment for the 10 million tonnes per annum (MTPA) nameplate facility, identical to the systems being successfully delivered and installed at Venture Global LNG’s Calcasieu Pass project.
Mike Sabel, executive co-chairman and CEO said, “KBR has an exceptional record in the LNG industry, having designed and delivered approximately a third of the liquefaction capacity worldwide. They recognize that our innovation of mid-scale, modular trains manufactured in a factory setting and delivered complete to site is revolutionizing this industry. Plaquemines LNG will deploy Venture Global’s liquefaction trains 19 through 36, identical to the 18 trains currently being fabricated and delivered to our Calcasieu Pass LNG project. This contract with KBR will allow us to bring a second world-class, mechanically complete LNG production facility to the market, on our schedule and budget.”
Executive Co-Chairman Bob Pender added, “KBR brings more than a century of global experience to the Plaquemines LNG project and shares our commitment to on-time, on-budget execution and the safest possible work environment for our employees and partners. As we approach the commencement of early site works for Plaquemines LNG, we are excited to use the experience gained at Calcasieu Pass—where we are already connecting our first liquefaction trains—to further improve upon the successful approach we’ve developed.”
The Plaquemines LNG project has received all required regulatory approvals and has signed binding 20-year offtake agreements with PGNiG (2.5 MTPA) and EDF (1 MTPA) for 3.5 MTPA of the project’s capacity.
Recommended Reading
Chevron to Lay Off 15% to 20% of Global Workforce
2025-02-12 - At the end of 2023, Chevron employed 40,212 people across its operations. A layoff of 20% of total employees would be about 8,000 people.
Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading
2025-01-22 - Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.
What's Affecting Oil Prices This Week? (Feb. 3, 2025)
2025-02-03 - The Trump administration announced a 10% tariff on Canadian crude exports, but Stratas Advisors does not think the tariffs will have any material impact on Canadian oil production or exports to the U.S.
Oil, Gas and M&A: Banks ‘Hungry’ to Put Capital to Work
2025-01-29 - U.S. energy bankers see capital, generalist investors and even an appetite for IPOs returning to the upstream space.
Talos Energy Zeroing in on New Skipper After Interim CEO Quits
2025-01-06 - Talos Energy said it has identified a finalist candidate to serve as the company’s permanent CEO starting end of first-quarter 2025.