CB&I has received a $200m engineering, procurement and construction (EPC) contract from Venture Global LNG, for the construction of two liquefied natural gas (LNG) storage tanks in the US state of Louisiana.
The storage tanks will be constructed for Venture Global LNG, the US-based LNG export company at its Calcasieu Pass export facility, located in Southwest Louisiana.
Venture Global’s Calcasieu Pass could produce about 10 million tonnes of cost competitive LNG supply per annum. The facility has been designed to use a liquefaction system with an 18 mid-scale modular trains driven by electric motors for optimal efficiency and reliability.
For the contract, CB&I will install two single containment LNG storage tank units, on a turn-key basis. The tanks’ construction is expected to start next year.
CB&I's Fabrication Services operating group executive vice president Luke V. Scorsone said: "CB&I has an established track record of successfully executing LNG storage projects both in the US Gulf Coast region and around the world.
"Our ability to deliver certainty of outcome provides Venture Global with a cost-effective, low-risk solution for the Calcasieu Pass facility."
Venture Global LNG Co-CEO Mike Sabel said: "We collaborated to develop a detailed scope and agreement that gives us confidence in the CB&I solution."
In February, Venture Global LNG offered a contract to GE Oil & Gas to provide plant-wide technology solution for its LNG facilities currently under development in Louisiana.
For this contract, GE is expected to provide comprehensive power, pretreatment and LNG liquefaction system. As per the agreement, GE will provide the complete LNG process system with defined schedule, price and performance standards.