Bechtel
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The contract calls for Baker Hughes to supply equipment for three liquefaction trains for the project located in Brownsville, Texas. -
If the sale closes, the company will lease back the parcel under a 40-year term.
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The contract was awarded by Bechtel to Baker Hughes for project's key liquefaction systems.
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Initial facilities along the Sabine River in Texas will be capable of producing up to 13.5 mtpa of LNG.
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The LNG provider has firmed up financing that will allow it to proceed with construction of the third stage of the Texas coast liquefaction project.
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Bechtel gets the go-ahead to begin early engineering and procurement work under a limited notice to proceed.
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Shell signs on to take LNG from the planned Louisiana plant.
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Driftwood gets the green light, as demand rebounds and the stars align at last.
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This is the second EPC contract Bechtel signed for Port Arthur LNG. Final investment decision is expected this year.
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Approximately $200 billion in projects worldwide are racing to be approved over the next 2 years. The race is not just to make FIDs on projects, but also to enter FEED work to lock in contractors before others do.
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