Venture Global LNG has selected Kiewit as the contractor to build its Calcasieu Pass LNG export project in Louisiana, the companies said on Dec. 6.
Venture Global separately said it entered into a $220 million bridge loan facility with Morgan Stanley Senior Funding and associated lenders to finalize engineering work and commence site construction activity for the project.
Kiewit Louisiana Co. will design, construct, commission and guarantee the 10-million-tonnes-per-annum (MTPA) facility.
The construction will start by early next year after the final order from the U.S. Federal Energy Regulatory Commission (FERC), currently scheduled to be issued no later than Jan. 22, 2019, the companies said.
The LNG export terminal got a boost in October after the energy regulator concluded that “construction and operation of the project would result in some adverse environmental impacts, but those impacts would be reduced to less-than-significant levels.”
The project is expected to be completed in 2022, the companies said.
Recommended Reading
Phillips 66’s NGL Focus, Midstream Acquisitions Pay Off in 2024
2025-02-04 - Phillips 66 reported record volumes for 2024 as it advances a wellhead-to-market strategy within its midstream business.
Argent LNG, Baker Hughes Sign Agreement for Louisiana Project
2025-02-03 - Baker Hughes will provide infrastructure for Argent LNG’s 24 mtpa Louisiana project, which is slated to start construction in 2026.
CPP Wants to Invest Another $12.5B into Oil, Gas
2025-03-26 - The Canada Pension Plan’s CPP Investments is looking for more oil and gas stories—in addition to renewable and other energies.
Italy's Intesa Sanpaolo Adds to List of Banks Shunning Papua LNG Project
2025-02-13 - Italy's largest banking group, Intesa Sanpaolo, is the latest in a list of banks unwilling to finance a $10 billion LNG project in Papua New Guinea being developed by France's TotalEnergies, Australia's Santos and the U.S.' Exxon Mobil.
BKV Appoints Dilanka Seimon to New Chief Commercial Officer Position
2025-04-03 - BKV Corp. has created a new chief commercial officer position and placed industry veteran Dilanka Seimon in the role.