McDermott, the US contractor, has been awarded a master services agreement (MSA) so as to provide front-end engineering as well as planning services for the much-planned $25 billion LNG project based out of Louisiana in the US.
It is well to be noted that Phase 1 of the Monkey Island LNG facility happens to include three liquefied natural gas trains having a capacity of 5.2 million tonnes every year apiece for an absolute nameplate capacity of combined production measuring 15.6 million tpa. Apparently, the future expansion plans go on to include more liquefaction trains, which are thereby anticipated to bring the total capacity to 26 million tpa.
McDermott on September 8 remarked that this goes on to build on the Monkey Island LNG selection when it comes to the ConocoPhillips Optimized Cascade process when it comes to the liquefaction technology. Apparently, the compact and modular LNG train design from McDermott goes on to contribute deliveries of almost 60% more LNG per acre vis-à-vis comparable projects, says the contractor.
According to the chief executive of Monkey Island LNG, Greg Michaels, through leveraging LNG mega-modules, they go on to dramatically decrease the site footprint that’s needed for world-scale LNG production, which happens to drive down the costs of the project and also the risks that are associated with it.
It is worth noting that this $25 billion LNG project is spread all throughout the two phases, therefore positioning it amongst the largest private energy infrastructure developments across North America and designed for LNG production maximization with fewer acres.
As per the MSA, McDermott is going to offer engineering and execution planning as well as pricing for the engineering, procurement, and construction (EPC) phase of the Cameron Parish facility. The agreement is anticipated to move into a final EPC contract, which happens to be aligned with the timing of the financing activities of Monkey Island LNG.
Interestingly, engineering and permitting are also forecasted to begin in 2026, with the very first LNG production targeted for the early part of the 2030s. The project is going to be led by the Houston team of McDermott’s and would get the support from its engineering group based in Gurugram, India.
The senior vice president of low carbon solutions at McDermott, Rob Shaul, said that this award highlights the depth of expertise of McDermott when it comes to LNG as well as modular design.
He adds that their integrated delivery model, which includes the self-performed construction as well as a McDermott-owned fabrication yard’s global network, goes on to position them to deliver solutions that go ahead and maximize the value while at the same time minimizing the associated risk.
