PR86823

ARLINGTON, Va., Nov. 24, 2020 /PRNewswire=KYODO JBN/ --

Venture Global LNG, Inc. announces that KBR has been awarded the engineering,

procurement and construction (EPC) contract as lead contractor for Phase 1 of

the Plaquemines LNG export project currently under development in Plaquemines

Parish, Louisiana.  KBR will integrate highly modularized, owner-furnished

equipment for the 10 million tonnes per annum (MTPA) nameplate facility,

identical to the systems being successfully delivered and installed at Venture

Global LNG's Calcasieu Pass project.

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Mike Sabel, Executive Co-Chairman and CEO stated, "KBR has an exceptional

record in the LNG industry, having designed and delivered approximately a third

of the liquefaction capacity worldwide.  They recognize that our innovation of

mid-scale, modular trains manufactured in a factory setting and delivered

complete to site is revolutionizing this industry.  Plaquemines LNG will deploy

Venture Global's liquefaction trains 19 through 36, identical to the 18 trains

currently being fabricated and delivered to our Calcasieu Pass LNG project.

This contract with KBR will allow us to bring a second world-class,

mechanically complete LNG production facility to the market, on our schedule

and budget."

Executive Co-Chairman Bob Pender added, "KBR brings more than a century of

global experience to the Plaquemines LNG project and shares our commitment to

on-time, on-budget execution and the safest possible work environment for our

employees and partners.  As we approach the commencement of early site works

for Plaquemines LNG, we are excited to use the experience gained at Calcasieu

Pass – where we are already connecting our first liquefaction trains – to

further improve upon the successful approach we've developed."

The Plaquemines LNG project has received all required regulatory approvals and

has signed binding 20-year offtake agreements with PGNiG (2.5 MTPA) and EDF (1

MTPA) for 3.5 MTPA of the project's capacity.  

About Venture Global LNG

Venture Global LNG is a long-term, low-cost provider of U.S. LNG to be supplied

from resource rich North American natural gas basins.  The company is currently

constructing or developing 50 MTPA of production capacity in Louisiana to

provide clean, affordable energy to the world.  More can be found at

www.venturegloballng.com.

SOURCE  Venture Global LNG, Inc.

CONTACT: Venture Global investor contact: Leah Woodward, D: +1-202-759-6746,

lwoodward@vglng.com, Venture Global media contact: Jessica Wickett, D:

+1-202-759-6739, jwickett@vglng.com