Under the contract, the joint venture will be responsible for the detailed engineering, procurement and construction of four LNG production trains, each with design capacity of 2 million tons per annum (mtpa).

The contract scope also include two 160,000 m3 full containment LNG storage tanks, LNG marine and ship loading facilities, supporting infrastructure and all required post- final investment decision (FID) approvals and licenses.

Liquefied Natural Gas managing director and chief executive officer Maurice Brand said: "The total EPC capital cost in the range of $495 to $544 per ton of LNG plant capacity (for the 8 mtpa or greater plant) establishes a new low for US Gulf Coast projects and is substantially lower compared with recent LNG projects around the world.

"With execution of the EPC contract in hand, we shall continue with final engineering activities but will not commit to outsized, noncancellable commitments in advance of execution of off-take agreements for at least 4 mtpa of additional sales."

KSJV plans to immediately commence engineering and procurement services.

Work on detailed design and early construction is scheduled to commence immediately under a Limited Notice to Proceed (LNTP). The final release is scheduled in 2016.

Being developed across 115 acres of land at the Port of Lake Charles, the LNG facility is designed to have a production capacity of 8 mtpa of the liquefied fuel.

Scheduled to be commissioned in 2018, the project is expected to create up approximately 1,000 jobs during the construction phase as well as up to 70 direct jobs and 175 indirect jobs when entering service.

In August, MLNG selected the Siemens Energy process compression and driver equipment to achieve higher final plant design capacity.