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Prize: Award Monkey Island GNL project
Value: Total investment of $ 25 billion
Location: Cameron Parish, Louisiana
Customer: Monkey Island GNL
MONKEY ISLAND LNG, the company behind the next eponymous settlement installation of LNG in Cameron Parish, Louisiana, has awarded McDermott a master service agreement Provide engineering and planning services for the project, according to a statement on September 8.
Monkey Island LNG plans to invest $ 25 billion in two -phase installation, making it one of the biggest developments of this type in North America, said Greg Michaels, founder and CEO of Monkey Island LNG, in the statement.
“Taking advantage of LNG mega-modules, we dramatically reduce the footprint for GNL production worldwide, which reduces the costs and risks of the project,” said Michaels.
Companies did not reveal the value of the MSA contract.
McDermott, based in Houston, will provide engineering, execution planning and prices for the engineering, contracting and construction phase of the installation, according to the statement. Monkey Island will then broadcast a final EPC contract aligned with the Calendar of Monkey Island GNL Financing Activities.
Phase 1 of the Monkey Island GNL installation will include three GNL trains with a capacity of 5.2 million metric tonnes each and a combined production of 15.6 MTPA, according to the statement. Future expansion plans include two more trains that would bring the total capacity of the plant to 26 MTPA.
A representation of the place of GNL of Monkey Island.
McDermott, who generated $ 8.9 billion income In 2024 and he was the ninth largest builder in the United States for this metric, he will flex his modular GNL train design at work. Rob Shaul, a Senior Vice President of Baix Carbon Solutions in McDermott, echoed the feeling.
“This award emphasizes the depth of McDermott’s experience in GNL and modular design,” said Shaul. “Our integrated delivery model, including autonomous construction and a global network of McDermott manufacturing gardens, put us into positioning a solution that maximizes the value while minimizing the risk.”
Officials hope that engineering and will begin by 2026 with the first GNL production scheduled for the early 2030’s, according to launch. The project will be led by McDermott’s Houston team, supported by their engineering group in Gurugram, India.
McDermott is not the only company that is capitalizing on the growth of LNG space: Bechtel, based in Reston, Virginia, obtained the green light to continue Train 4 of $ 6.7 billion in Rio Grande LNG In Brownsville, Texas, early this month.
The work reaches the heels of Government support for major energy projectswhich began with the executive order of President Donald Trump “by getting rid of American energy” in January. Since then the administration has worked to speed up the permit process With technology, after the Supreme Court slowed down the Law on National Environmental Policy, a founding environmental federal law in May.
