KTJV, a KBR Joint Venture, Selected for Transformative Lake Charles LNG Project
London, September 23, 2024, (Oilandgaspress) –KBR (NYSE: KBR) announced today that KTJV, a KBR and Technip Energies joint venture, has been selected by Lake Charles LNG Export Company, a subsidiary of Energy Transfer LP, for its Lake Charles LNG transformation project.
Under the terms of the agreement, KTJV will provide high-end engineering, procurement, construction management, construction, commissioning, startup and other related services, subject to Lake Charles LNG’s decision to issue a notice to proceed for the project.
The project would transform Energy Transfer’s existing import facility into a world-class LNG export facility to meet the world’s growing LNG and energy security demands. This conversion would include the delivery of three liquefaction trains and modifications to existing storage and dock facilities designed to enable the export of 16.45 metric tons per annum of LNG.
“KBR is proud to work with Energy Transfer and Lake Charles LNG to support the development of this world-class LNG facility alongside our joint venture partner,” said Stuart Bradie, KBR President and CEO. “Lake Charles LNG will help bolster global energy security and it will be designed to be one of the most efficient and cleanest operating facilities in the United States. Lake Charles LNG is yet another example of how we are committed to helping our clients accomplish their business objectives in line with our strategy and lower-risk business model.”
“Lake Charles LNG is pleased to obtain the commitment of two world-class companies to be the engineering, procurement and construction contractor for our liquefaction project,” Tom Mason, President of Lake Charles LNG. “The structure of the contract provides alignment between KTJV and Lake Charles LNG to achieve a high-quality, cost-effective project. Our determination to issue a notice to proceed under the contract will be subject to our making a final investment decision to proceed with the project, which will be based upon obtaining commercial offtake commitments and third-part equity sufficient to satisfy our internal objectives. We believe that our alignment with KTJV is one more positive step in our continuing progress on the project.”
KBR has nearly 50 years of experience designing, developing and supporting LNG facilities. This deep domain knowledge, combined with our JV partners’ expertise, makes KTJV ideally suited to support this crucial project.
Information Source: Read More
Oil and gas press covers, Energy Monitor, Climate, Renewable, Wind, Biomass, Sustainability, Oil Price, LPG, Solar, Marine, Aviation, Fuel, Hydrogen, Electric ,EV, Gas,
