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Magnolia LNG receives final EIS, Executes EPC contract with KBR-SK JV


Published Nov 17, 2015
Liquefied Natural Gas Limited-2

Liquefied Natural Gas Limited is pleased to advise that its wholly owned subsidiary, Magnolia LNG LLC (Magnolia), has agreed a legally binding lump sum turnkey (LSTK) engineering, procurement and construction contract (EPC Contract) with the KBR-SKE&C joint venture (KSJV) in relation to the Magnolia LNG project (MLNG).

Contract Highlights:

  • EPC Contract LSTK cost of US$4.354 billion for four LNG trains and associated facilities
  • EPC guaranteed production of 7.6 mtpa, or 0.8 mtpa greater than previous guidance
  • The EPC Contract LSTK plant design utilises LNGL's patented OSMR(R) technology
  • Installed capacity cost/tonne range of US$495 to US$544 based on final design at FID
  • LNG plant fuel gas consumption of 8%, or 92% feed gas production efficiency guaranteed
  • EPC Contract LSTK price is valid to 30 April 2016

Tags: Liquefied Natural Gas Limited




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