HOUSTON, Sept. 19, 2024 /PRNewswire/ — KBR (NYSE: KBR) introduced lately that KTJV, a KBR and Technip Energies three way partnership, has been decided on through Pool Charles LNG Export Corporate, a subsidiary of Power Switch LP, for its Pool Charles LNG transformation undertaking.
Below the phrases of the guarantee, KTJV will handover high-end engineering, procurement, building control, building, commissioning, startup and alternative matching services and products, matter to Pool Charles LNG’s choice to factor a understand to progress for the undertaking.
The undertaking would turn out to be Power Switch’s current import facility right into a world-class LNG export facility to fulfill the sector’s rising LNG and effort safety calls for. This conversion would come with the supply of 3 liquefaction trains and adjustments to current vault and dock amenities designed to allow the export of 16.45 metric lots in line with 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,” mentioned 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 the United States. Lake Charles LNG is yet another example of how we are committed to helping our clients accomplish their business objectives in line with our strategy and lower-risk business model.”
“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 Pool 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 just about 50 years of revel in designing, creating and supporting LNG amenities. This deep area wisdom, blended with our JV companions’ experience, makes KTJV preferably suited for backup this the most important undertaking.
About KBR
We ship science, generation and engineering answers to governments and corporations all over the world. KBR employs roughly 36,000 family acting numerous, complicated and mission-critical roles in 33 nations.
KBR is proud to paintings with its shoppers around the globe to handover generation, value-added services and products, and long-term operations and upkeep services and products to assure constant supply with predictable effects. At KBR, We Ship.
Discuss with www.kbr.com
Ahead Taking a look Statements
The statements on this press loose that aren’t historic statements, together with statements relating to our technique, industry dangers, undertaking results, prices, design efficiency and Power Switch’s possible issuance of a understand to progress, are forward-looking statements inside the which means of the federal securities regulations. Those statements are matter to various dangers, uncertainties and guesses, lots of which can be past the corporate’s keep an eye on, that would reason unedited effects to range materially from the consequences expressed or implied through the statements. Those dangers, uncertainties and guesses come with, however aren’t restricted to, the ones all set forth within the corporate’s maximum just lately filed Annual Record on Mode 10-Ok, any next Mode 10-Qs and 8-Ks and alternative U.S. Securities and Alternate Fee filings, which debate one of the most remarkable dangers, uncertainties and guesses that the corporate has recognized that can impact its industry, result of operations and monetary situation. Because of such dangers, uncertainties and guesses, you might be cautioned to not playground undue reliance on such forward-looking statements, which talk best as of the month hereof. Apart from as required through legislation, the corporate undertakes disagree legal responsibility to revise or replace publicly any forward-looking statements for any explanation why.
SOURCE KBR, Inc.
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