CBI bags EPC Contract for Venture Global’s LNG Tanks

Chicago Bridge & Iron Company (CBI) has been awarded a contract by Venture Global LNG, for engineering, procurement and construction (EPC) of two LNG storage tanks for its Calcasieu Pass export facility, in Southwest Louisiana.

The contract is valued at nearly $200 million.

Venture Global's Calcasieu Pass is expected to produce 10.0 million tonnes per annum (mtpa) of cost-competitive LNG supply. The facility's design will use a liquefaction system with 18 mid-scale modular trains driven by electric motors to achieve optimum efficiency and reliability. CB&I will provide, on a turn-key basis, two single-containment LNG storage tanks. Construction of the tanks is expected to begin in 2018.

"CB&I has an established track record of successfully executing LNG storage projects both in the U.S. Gulf Coast region and around the world. Our ability to deliver certainty of outcome provides Venture Global with a cost-effective, low-risk solution for the Calcasieu Pass facility," said Luke Scorsone, executive vice president of CB&I's fabrication services operating group.

"We are pleased to have an agreement with the premiere LNG tank contractor in the world,” said Bob Pender, Venture Global LNG co-CEO.

"We collaborated to develop a detailed scope and agreement that gives us confidence in the CB&I solution," added Co-CEO Mike Sabel.

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