McDermott has secured a major contract for a USD 25 billion liquefied natural gas project via a master services agreement (MSA). This agreement is expected to be integrated into the project's EPC contract, covering engineering, execution planning, and pricing services for the USD 25 billion Monkey Island LNG project in Cameron Parish, Louisiana.

Contract Details

The master services agreement marks a major milestone for McDermott in the LNG sector. The contract is designed to move into the engineering, procurement, and construction (EPC) phase of the project. This phase will include three LNG trains with a combined annual capacity of 15.6 million tonnes, with plans for future expansion to increase the total capacity to 26 million tonnes per year.

Engineering and permitting are scheduled to begin in 2026, with the first LNG expected in the early 2030s. The project will utilize ConocoPhillips' Optimized Cascade process and McDermott's modular LNG design, carried out by its Houston team with engineering support from Gurugram, India.

Project Scale

The LNG project carries a total value of USD 25 billion across two phases. Phase 1 will comprise three liquification trains, each with a capacity of 5.2 million tonnes per annum, delivering a combined output of 15.6 million tonnes per annum. Following this, in the future, Phase 2 will add two more trains, boosting total production capacity to 26 million tpa. The project is engineered to deliver 60% more LNG per acre compared to conventional developments, maximizing output while minimizing land use.

Technology and Modular Design

The project will use ConocoPhillips’ Optimized Cascade process, supported by McDermott’s compact modular LNG train design. According to Monkey Island LNG’s CEO, Greg Michaels, “By leveraging LNG mega-modules, we dramatically reduce the site footprint required for world-scale LNG production, which drives down project costs and risks.” He added that the design allows the facility to deliver “up to 60% more LNG per acre than comparable projects.”

Expertise in LNG Delivery

Rob Shaul, senior vice president of low carbon solutions at McDermott, commented, “This award underscores the depth of expertise of McDermott in LNG and modular design. Our integrated delivery model, including self-perform construction and a global network of McDermott-owned fabrication yards, positions us to deliver a solution that maximizes value while minimizing risk.”

Company Background

McDermott operates as a US-based contractor specializing in energy infrastructure projects. The company has positioned itself to take on major LNG developments through this latest contract award. The project involves the construction of facilities for liquefied natural gas operations, with McDermott serving as the primary contractor for the development. The master services agreement provides the framework for the company's involvement in the project's execution phase.

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