LNG

Nov 25 (LNGJ) - LNG Ltd, the Australian company developing the US Magnolia project in Louisiana and with plans to export cargoes to Vietnam, has extended the validity period of its current binding engineering, procurement and construction (EPC) contract with KBR Inc. of the US and SK Engineering and Construction of South Korea. The lump-sum turnkey contract worth US$4.62 billion is now valid through June 30, 2020, for the liquefaction plant with planned output of 8.8 million tonnes per annum. LNGL said the installed cost per tonne of the EPC contract is US$525.

Australian developer LNG Ltd has formally extended its turn-key engineering and construction contract for the Magnolia LNG export venture in Louisiana by six months until the end of 2018 as it seeks to finalize supply agreements with customers.