KBR, a global engineering firm headquartered in Houston, Texas, announced on Monday it has entered into an engineering, procurement and construction (EPC) contract as the lead partner in a joint venture to work on a major new LNG (liquefied natural gas) plant in Louisiana.
The $4.35bn contract on the Magnolia LNG project in Port Lake Charles covers construction of four LNG production trains each with design capacity of 2 million tonnes per annum (mtpa), two 160,000 m3 full containment storage tanks, LNG marine and ship loading facilities and supporting infrastructure.
The contract is worth $4.35bn and KBR will be in partnership with South Korean firm SK Engineering and Construction in the joint venture KSJV.
LNG plants are being constructed around the US as the country aims to export some of its abundant natural gas resources.
Subject to final regulatory approval, work on the Magnolia LNG project is expected to begin in the first quarter of 2016.