Country for PR: United States
Contributor: PR Newswire New York
Friday, December 07 2018 - 12:37
AsiaNet
Venture Global LNG and Kiewit Announce Execution of EPC Contract for Calcasieu Pass LNG Export Facility
ARLINGTON, Virginia, Dec. 7, 2018 /PRNewswire-AsiaNet/ --

Venture Global LNG, Inc. and Kiewit jointly announce that Kiewit has been 
awarded the engineering, procurement, and construction (EPC) contract for the 
Calcasieu Pass LNG export project under development in Cameron Parish, 
Louisiana. Under the terms of the turnkey EPC contract, Kiewit Louisiana Co. 
will design, engineer, construct, commission, test and guarantee the facility, 
which carries a 10 million tonnes per annum (MTPA) nameplate. Completion is 
expected in 2022. 

Co-CEO Bob Pender stated, "We are thrilled to partner with one of North 
America's leading contractors for our Calcasieu Pass project. 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. This partnership supports the 
continued timely execution of our strategy."

Co-CEO Mike Sabel added, "Kiewit is equally committed to our strategy of 
realizing the highest quality at the lowest achievable cost. They drive not 
only to execute but to continually improve and optimize their approach. 
Finalizing this contract, which meets our budget, schedule, and finance 
requirements, is one of the most important milestones to date for our company 
and the culmination of our development plans."

"We are very pleased to be partnering with Venture Global LNG on this important 
EPC project. With outstanding commitment and talent, working together, this 
project will be a model for supplying low-cost, clean and reliable energy to 
the global market," said Bruce Grewcock, Kiewit chairman and CEO. "It's 
exciting to be asked to bring our extensive industry experience and 
capabilities to help Venture Global LNG deliver the Calcasieu Pass LNG export 
project safely, on-schedule and on budget." 

The 10 MTPA Calcasieu Pass facility will employ a comprehensive process 
solution from GE Oil & Gas, LLC, part of Baker Hughes, a GE company (BHGE) that 
utilizes mid-scale, modular, factory-fabricated liquefaction trains as well as 
a 5x2 711 MW CCGT to support the trains' electric-drive system. Construction of 
the facility will commence by early 2019 following the receipt of all required 
regulatory approvals, including the Final Order from the U.S. Federal Energy 
Regulatory Commission (FERC), which is currently scheduled to be issued no 
later than January 22, 2019. 

The Calcasieu Pass project has signed binding 20-year offtake agreements with 
Shell, BP, Edison S.p.A., Galp, Repsol and PGNiG. The company is also 
developing the 20 MTPA Plaquemines LNG export facility in Plaquemines Parish, 
Louisiana, which has executed its first binding 20-year offtake agreement with 
PGNiG. Venture Global LNG expects to take formal final investment decisions 
(FID) on both its Calcasieu Pass and Plaquemines LNG projects in 2019. 

About Venture Global LNG

Venture Global LNG is a long-term, low-cost provider of LNG to be supplied from 
resource rich North American natural gas basins. Venture Global LNG's 
liquefaction process system will employ a highly efficient and reliable suite 
of products supplied by BHGE. Venture Global LNG is developing both the 10 MTPA 
Venture Global Calcasieu Pass facility (on an approximately 1,000-acre site 
located at the intersection of the Calcasieu Ship Channel and the Gulf of 
Mexico) and the 20 MTPA Venture Global Plaquemines LNG facility (on an 
approximately 630-acre site in Plaquemines Parish, Louisiana, 30 miles south of 
New Orleans on the Mississippi River). Venture Global has raised $855 million 
of capital to-date to support the development of its projects.  More can be 
found at http://www.venturegloballng.com.

About Kiewit

Kiewit is one of North America's largest and most respected construction and 
engineering organizations. With its roots dating back to 1884, the 
employee-owned organization operates through a network of subsidiaries in the 
United States, Canada and Mexico. Kiewit offers construction and engineering 
services in a variety of markets including transportation; oil, gas and 
chemical; power; building; water/wastewater; industrial; and mining. Kiewit had 
2017 revenues of $8.7 billion and employs 22,000 staff and craft employees.
 
SOURCE Venture Global LNG, Inc.

CONTACT:  Venture Global investor contact: Leah Woodward, D: +1 202 759-6746, 
lwoodward@vglng.com; Venture Global media contact: Jessica Wickett, D: +1 202 
759-6739, jwickett@vglng.com; Kiewit media contact: Bob Kula, D: +1 402 
943-5088, Bob.Kula@kiewit.com

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