SINGAPORE (Reuters) – Australia’s Woodside Energy Group claimed on Thursday it has actually authorized a design, purchase and building (EPC) agreement with united state design company Bechtel to establish the Louisiana melted gas (LNG) job.
The EPC agreement will certainly cover the structure advancement for the job’s 3 manufacturing trains, with an ability of 16.5 million heaps per year.
The oil and gas manufacturer additionally mentioned that it intends to make the last financial investment choice (FID) by the initial quarter of 2025.
“Total Louisiana LNG expenditure from December to the end of the first quarter of 2025 is forecast to be up to $1.3 billion, which is included in the overall estimated cost for the foundation development,” Woodside claimed in a declaration.
The approximated price for the job’s structure advancement is $900-$ 960 per lots of LNG, unmodified from the variety at the time of its procurement.
Woodside completely possesses the Louisiana LNG job after its $1.2 billion procurement of programmer Tellurian Inc inOctober It is looking for to market a 50% risk in the job.
The job has actually an overall allowed ability of 27.6 million heaps per year.
(Reporting by Emily Chow; Editing by Sherry Jacob-Phillips)
