LNGL Extends Magnolia LNG EPC
Sydney-listed Liquefied Natural Gas Limited (LNGL) has extended the validity period of its current binding engineering, procurement, and construction (EPC) contract with KSJV, a joint venture of US contractor KBR and South Korea's SK E&C, for Magnolia LNG project in the southern US, it said November 25. The binding lump sum turnkey EPC US$4.623bn contract is now valid through June 30, 2020, it said.
The agreement incorporates the 0.8mn metric tons/year capacity uplift for Magnolia, which has received a draft Supplemental Environmental Impact Statement (SEIS) from the Federal Energy Regulatory Commission (FERC), for a total installed capacity of 8.8mn mt/yr.
FERC is expected to complete its regulatory review of Magnolia’s capacity uplift early next year, LNGL said.