HOUSTON, Sept. 19,
2024 /PRNewswire/ -- KBR (NYSE: KBR) announced
today that KTJV, a KBR and Technip Energies joint venture, has been
selected by Lake Charles LNG Export Company, a subsidiary of
Energy Transfer LP, for its Lake Charles LNG transformation
project.
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 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 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 U.S. Securities and Exchange Commission filings, which
discuss some of the important risks, uncertainties and assumptions
that the company has identified that may affect its business,
results of operations and financial condition. Due to such risks,
uncertainties and assumptions, you are cautioned not to place undue
reliance on such forward-looking statements, which speak only as of
the date hereof. Except as required by law, the company undertakes
no obligation to revise or update publicly any forward-looking
statements for any reason.
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SOURCE KBR, Inc.