KTJV, a KBR Joint Venture, Selected for Transformative Lake Charles LNG Project
KBR announced that KTJV, its joint venture with Technip Energies, has been selected by Lake Charles LNG Export Company for the Lake Charles LNG transformation project. The project aims to convert Energy Transfer's existing import facility into a world-class LNG export facility, designed to export 16.45 metric tons per annum of LNG.
KTJV will provide comprehensive services including engineering, procurement, construction management, commissioning, and startup, subject to Lake Charles LNG's notice to proceed. The project includes three liquefaction trains and modifications to existing storage and dock facilities.
KBR's President and CEO, Stuart Bradie, emphasized the project's role in bolstering global energy security and its design as one of the most efficient and cleanest operating facilities in the United States. The final investment decision will depend on obtaining commercial offtake commitments and third-party equity.
KBR ha annunciato che KTJV, la sua joint venture con Technip Energies, è stata selezionata dalla Lake Charles LNG Export Company per il progetto di trasformazione di Lake Charles LNG. L'obiettivo del progetto è convertire l'attuale impianto di importazione di Energy Transfer in un impianto di esportazione di LNG di livello mondiale, progettato per esportare 16,45 tonnellate metriche all'anno di LNG.
KTJV fornirà servizi completi tra cui ingegneria, approvvigionamento, gestione della costruzione, messa in servizio e avviamento, soggetto alla notifica di procedere da parte di Lake Charles LNG. Il progetto include tre treni di liquefazione e modifiche agli impianti di stoccaggio e alle strutture portuali esistenti.
Il presidente e CEO di KBR, Stuart Bradie, ha sottolineato il ruolo del progetto nel rafforzare la sicurezza energetica globale e il suo design come uno dei più efficienti e puliti impianti operanti negli Stati Uniti. La decisione finale sull'investimento dipenderà dall'ottenimento di impegni commerciali di acquisto e di equity da terze parti.
KBR anunció que KTJV, su empresa conjunta con Technip Energies, ha sido seleccionada por Lake Charles LNG Export Company para el proyecto de transformación de Lake Charles LNG. El proyecto tiene como objetivo convertir la actual instalación de importación de Energy Transfer en una instalación de exportación de LNG de clase mundial, diseñada para exportar 16,45 toneladas métricas por año de LNG.
KTJV proporcionará servicios integrales que incluyen ingeniería, adquisición, gestión de construcción, puesta en marcha y arranque, sujeto a la notificación de proceder por parte de Lake Charles LNG. El proyecto incluye tres trenes de licuefacción y modificaciones a las instalaciones de almacenamiento y muelle existentes.
El presidente y CEO de KBR, Stuart Bradie, enfatizó el papel del proyecto en fortalecer la seguridad energética global y su diseño como una de las instalaciones más eficientes y limpias en funcionamiento en Estados Unidos. La decisión final de inversión dependerá de obtener compromisos comerciales de venta y capital de terceros.
KBR은 Technip Energies와의 합작 투자인 KTJV가 Lake Charles LNG Export Company에 의해 Lake Charles LNG 변환 프로젝트의 수탁업체로 선정되었다고 발표했습니다. 이 프로젝트의 목표는 Energy Transfer의 기존 수입 시설을 세계적 수준의 LNG 수출 시설로 전환하는 것이며, 연간 16.45만 미터톤의 LNG를 수출하기 위해 설계되었습니다.
KTJV는 공학, 조달, 건설 관리, 시운전 및 시작을 포함한 종합 서비스를 제공하며, Lake Charles LNG의 진행 통지에 따라 진행됩니다. 이 프로젝트는 세 개의 액화 기차와 기존 저장 및 부두 시설에 대한 수정 사항을 포함합니다.
KBR의 대통령 겸 CEO인 Stuart Bradie는 이 프로젝트가 글로벌 에너지 안보를 강화하는 역할을 하고 있으며, 미국에서 가장 효율적이고 청정하게 운영되는 시설 중 하나로 설계되었다고 강조했습니다. 최종 투자 결정은 상업적 구매 약정 및 제3자의 자본 확보에 따라 달라질 것입니다.
KBR a annoncé que KTJV, sa coentreprise avec Technip Energies, a été sélectionnée par la Lake Charles LNG Export Company pour le projet de transformation de Lake Charles LNG. Ce projet vise à transformer l'installation actuelle d'importation d'Energy Transfer en une installation d'exportation de LNG de classe mondiale, conçue pour exporter 16,45 tonnes métriques par an de LNG.
KTJV fournira des services complets comprenant l'ingénierie, l'approvisionnement, la gestion de la construction, la mise en service et le démarrage, sous réserve de l'avis de procéder de la part de Lake Charles LNG. Le projet inclut trois trains de liquéfaction et des modifications aux installations de stockage et de quai existantes.
Le président et PDG de KBR, Stuart Bradie, a souligné le rôle du projet dans le renforcement de la sécurité énergétique mondiale et son design comme l'une des installations les plus efficaces et les plus propres aux États-Unis. La décision finale d'investissement dépendra de l'obtention d'engagements d'achat commerciaux et d'équité de tiers.
KBR hat angekündigt, dass KTJV, das Joint Venture mit Technip Energies, von der Lake Charles LNG Export Company für das Lake Charles LNG-Transformationsprojekt ausgewählt wurde. Ziel des Projekts ist es, die bestehende Importanlage von Energy Transfer in eine weltweit führende LNG-Exportanlage umzuwandeln, die dafür ausgelegt ist, 16,45 Millionen Tonnen LNG pro Jahr zu exportieren.
KTJV wird umfassende Dienstleistungen anbieten, darunter Ingenieurwesen, Beschaffung, Bauleitung, Inbetriebnahme und Start-up, vorbehaltlich der Genehmigung durch Lake Charles LNG. Das Projekt umfasst drei Verflüssigungstrains und Modifikationen an bestehenden Lager- und Hafenanlagen.
Der Präsident und CEO von KBR, Stuart Bradie, betonte die Rolle des Projekts bei der Stärkung der globalen Energiesicherheit und dessen Gestaltung als eine der effizientesten und saubersten Anlagen in den Vereinigten Staaten. Die endgültige Investitionsentscheidung hängt von der Sicherung von kommerziellen Abnahmeverpflichtungen und Eigenkapital von Dritten ab.
- Selection for a major LNG transformation project
- Potential for significant revenue from comprehensive services
- Alignment with KBR's strategy and lower-risk business model
- Leveraging 50 years of experience in LNG facilities
- Project execution dependent on Lake Charles LNG's notice to proceed
- Final investment decision subject to commercial and equity commitments
Insights
This selection of KTJV for the Lake Charles LNG project is a significant development in the U.S. LNG sector. The transformation of an import facility to an export terminal with a capacity of
While this announcement is positive for KBR, investors should approach it with cautious optimism. The project's scale suggests significant revenue potential for KBR, but it's important to note that no financial details were disclosed. The contract structure, described as providing 'alignment' between KTJV and Lake Charles LNG, hints at a performance-based component that could benefit KBR if executed well. However, the project's dependence on a final investment decision introduces uncertainty. KBR's stock may see a modest boost from this news, but substantial impact on financials would only materialize if and when the project receives the green light. Investors should monitor Energy Transfer's progress in securing offtake agreements and equity partners as indicators of the project's viability.
The emphasis on designing Lake Charles LNG to be 'one of the most efficient and cleanest operating facilities in the United States' is noteworthy. This aligns with increasing regulatory and market pressures for cleaner energy solutions. However, the environmental impact of LNG facilities remains a contentious issue. While LNG can serve as a transition fuel with lower emissions than coal, critics argue that it still contributes significantly to greenhouse gas emissions. The project's environmental credentials will likely face scrutiny and its success may partly depend on how well it can demonstrate genuine commitment to sustainability. Future regulatory changes or increased carbon pricing could impact the project's long-term viability and profitability. Stakeholders should closely monitor evolving environmental policies and their potential effects on this and similar LNG projects.
Under the terms of the agreement, KTJV will provide high-end engineering, procurement, construction management, construction, commissioning, startup and other related services, subject to Lake Charles LNG's decision to issue a notice to proceed for the project.
The project would transform Energy Transfer's existing import facility into a world-class LNG export facility to meet the world's growing LNG and energy security demands. This conversion would include the delivery of three liquefaction trains and modifications to existing storage and dock facilities designed to enable the export of 16.45 metric tons per annum of LNG.
"KBR is proud to work with Energy Transfer and Lake Charles LNG to support the development of this world-class LNG facility alongside our joint venture partner," said Stuart Bradie, KBR President and CEO. "Lake Charles LNG will help bolster global energy security and it will be designed to be one of the most efficient and cleanest operating facilities in
"Lake Charles LNG is pleased to obtain the commitment of two world-class companies to be the engineering, procurement and construction contractor for our liquefaction project," Tom Mason, President of Lake Charles LNG. "The structure of the contract provides alignment between KTJV and Lake Charles LNG to achieve a high-quality, cost-effective project. Our determination to issue a notice to proceed under the contract will be subject to our making a final investment decision to proceed with the project, which will be based upon obtaining commercial offtake commitments and third-part equity sufficient to satisfy our internal objectives. We believe that our alignment with KTJV is one more positive step in our continuing progress on the project."
KBR has nearly 50 years of experience designing, developing and supporting LNG facilities. This deep domain knowledge, combined with our JV partners' expertise, makes KTJV ideally suited to support this crucial project.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 36,000 people performing diverse, complex and mission-critical roles in 33 countries.
KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
Visit www.kbr.com
Forward Looking Statements
The statements in this press release that are not historical statements, including statements regarding our strategy, business risks, project outcomes, costs, design performance and Energy Transfer's potential issuance of a notice to proceed, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond the company's control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other
View original content to download multimedia:https://www.prnewswire.com/news-releases/ktjv-a-kbr-joint-venture-selected-for-transformative-lake-charles-lng-project-302253592.html
SOURCE KBR, Inc.
FAQ
What is the capacity of the Lake Charles LNG export facility?
Who selected KTJV for the Lake Charles LNG project?
What services will KTJV provide for the Lake Charles LNG project?
How many liquefaction trains will be delivered in the Lake Charles LNG project?
