Commonwealth LNG Partners with Technip Energies for Growth
Commonwealth LNG Engages Technip Energies for Major Project
Commonwealth LNG has taken a significant step forward in its LNG facility development by contracting Technip Energies. This collaboration revolves around engineering, procurement, and construction (EPC) services aimed at enhancing the company's 9.5 million tonnes per annum LNG project. Technip Energies is recognized globally for its expertise in modular engineering and the delivery of LNG projects, which will play a critical role in achieving Commonwealth LNG's vision.
Technip Energies' Role in LNG Development
Technip Energies stands as a leader in the modular design and execution of LNG projects worldwide. With a successful track record that includes contributing to over 20% of the global LNG operating capacity, it is poised to deliver substantial advancements to the Commonwealth LNG facility. The company previously undertook front-end engineering and design work for the project, paving the way for this latest contract, which emphasizes a comprehensive approach to optimizing construction schedules, costs, and procurement plans.
Leadership Perspectives on the Partnership
Ben Dell, Managing Partner of Kimmeridge and Chairman of Commonwealth, expressed enthusiasm about continuing collaboration with Technip Energies. He highlighted the company’s commitment to operational excellence and its alignment with Commonwealth’s production goals slated for 2029. The anticipated LNG export facility is not only a vital component of their strategy but also aims to deliver reliable, clean energy, significantly benefitting the local community.
Strategic Importance of the EPC Contract
Commonwealth LNG President and CEO Farhad Ahrabi regarded the EPC contract as a critical milestone that signifies a deepening partnership with Technip Energies. This contract, which includes a Limited Notice to Proceed, allows for a modular construction approach rather than the traditional stick-built LNG facilities. This innovative process is projected to ensure top-notch project execution, offering certainty in both cost and timelines for stakeholders.
Technip Energies' Vision for the Project
Arnaud Pieton, CEO of Technip Energies, conveyed his honor in being awarded the Commonwealth LNG project. He noted that this endeavor is crucial for augmenting global energy security by ensuring a dependable and efficient LNG supply. Technip Energies is committed to applying its SnapLNG by T.EN™ modular approach, which is anticipated to significantly bolster the success of this energy initiative.
Looking Ahead: Future Plans for Commonwealth LNG
Commonwealth LNG plans to finalize its investment decision regarding the project within the next couple of years, with an aim for LNG production to commence in 2029. This timeline underscores their dedication to establishing a world-class LNG export terminal, reflecting a commitment to safety, environmental standards, and community value.
About Commonwealth LNG
Commonwealth LNG is in the process of developing a state-of-the-art liquefied natural gas (LNG) export terminal with a capacity of 9.5 million tonnes per annum. The project is marked by its leadership's determination to create not just an energy facility, but a model of industrial responsibility and safety. The vision includes not only meeting market demands but also enhancing environmental standards to benefit future generations.
Contact and Additional Information
For more information regarding Commonwealth LNG, please visit www.CommonwealthLNG.com. You may also connect with them on LinkedIn at Commonwealth LNG LinkedIn.
For media inquiries, please contact:
Lyle Hanna
Vice President, Corporate Communications
Phone: 281-794-9606
Email: lhanna@teamcpl.com
Frequently Asked Questions
What does the EPC contract with Technip Energies entail?
The EPC contract involves engineering, procurement, and construction services for Commonwealth LNG's facility, emphasizing modular construction methods.
What is the planned LNG production start date for Commonwealth LNG?
LNG production at the Commonwealth facility is expected to commence in 2029, following the final investment decision anticipated in the second half of 2025.
Who is leading Commonwealth LNG?
The company is led by a team committed to safety, risk management, and achieving superior environmental standards in the LNG industry.
What is Technip Energies' experience in the LNG sector?
Technip Energies has contributed to more than 20% of the global LNG operating capacity, showcasing their significant expertise in the field.
What is the significance of the modular approach to construction?
The modular construction approach enables better control over costs and timelines, ensuring that projects are executed efficiently with a higher level of predictability.
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