“This $220 million, along with the $635 million of equity capital we have raised to date, allows us to finalize advanced engineering, purchase equipment, and commence construction activities at our Calcasieu Pass facility in the near term, reducing schedule risk for our offtake customers. Venture Global LNG Co-CEOs Mike Sabel and Bob Pender jointly stated: “From the beginning, Morgan Stanley recognized our innovative strategy and exacting execution, and they have been a highly valued long-term partner to our team. Separately, the company announced that it has entered into a $220m bridge loan facility with Morgan Stanley Senior Funding and associated lenders for the project. Venture Global LNG is expected to take formal final investment decision (FID) on the Calcasieu Pass LNG project in 2019. The US Federal Energy Regulatory Commission (FERC) is scheduled to issue the Final Order for the project no later than 22 January 2019. It will utilizes mid-scale, modular, factory-fabricated liquefaction trains as well as a 5×2 711 MW CCGT to support the trains’ electric-drive system.Ĭonstruction on the export facility is anticipated to begin in 2019 following the receipt of all required regulatory approvals. The Calcasieu Pass LNG export facility will feature a process solution from GE Oil & Gas, LLC, part of Baker Hughes, a GE company (BHGE). This partnership supports the continued timely execution of our strategy.” “The Kiewit team brings decades of construction experience, an unparalleled safety record, and on-time, on-budget execution of major infrastructure projects, including the Cove Point LNG export project in Lusby, Maryland. Venture Global LNG Co-CEO Bob Pender said: “We are thrilled to partner with one of North America’s leading contractors for our Calcasieu Pass project. The Calcasieu Pass project has already signed 20-year offtake agreements with Shell, BP, Edison., Galp, Repsol and PGNiG. The Calcasieu Pass Project envisions the construction of an LNG production and export facility to be located on the Calcasieu Ship Channel in Cameron Parish. The export facility is expected to carry a 10 million tonnes per annum (MTPA). Under the contract, Kiewit Louisiana will design, engineer, construct, commission, test and guarantee the Calcasieu Pass LNG export facility. Image: Kiewit secures EPC contract for Calcasieu Pass LNG export project. Kiewit has secured a engineering, procurement, and construction (EPC) contract from Venture Global LNG for the Calcasieu Pass LNG export project in Cameron Parish, Louisiana. The 174,000-CM Greek-flag Yiannis LNG vessel has shipped the project’s maiden LNG cargo on. Calcasieu Pass holds the global record for the fastest large-scale greenfield LNG facility to ever be built, moving from FID to LNG production in just 29 months. Venture Global had filed for permission to build the project in September 2015 and received FERC approval to start construction in February 2019. The US Federal Energy Regulatory Commission (FERC) has approved Venture Global’s plan for introducing hazardous fluids, including feedgas and refrigerant to its Calcasieu Pass LNG export project’s 9th (final) liquefaction block and start commissioning works.Īccording to the Global LNG Database®, the 10.8 MMT/Y Calcasieu Pass project is based on a mid-scale liquefaction technology, developed by General Electric’s Baker Hughes, which consist of two electrically driven 0.626 MMT/Y trains in each block.įour of the nine gas liquefaction blocks are already in commercial operations and getting the FERC’s approval for starting commercial services of the 5th and 6th blocks is underway.
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