#United States #Houston #McDermott #LNG production #Monkey Island LNG

Partnership Announcement Between Monkey Island LNG and McDermott

In a significant milestone for the energy sector, Monkey Island LNG has entered into a Master Services Agreement (MSA) with McDermott to enhance its LNG production capabilities. This partnership bolsters Monkey Island LNG's plans for a world-class liquefaction facility located in Cameron Parish, Louisiana. The first phase of this ambitious project involves three LNG trains, each capable of producing 5.2 million metric tons per annum (MTPA), adding up to an impressive total of 15.6 MTPA.

The projected expansion will see the addition of two more LNG trains, further increasing the facility's overall capacity to an extraordinary 26 MTPA. This venture reflects a comprehensive approach to tackling the global energy crisis while meeting the surging demand for natural gas.

A key feature of this collaboration is the adoption of the ConocoPhillips Optimized Cascade® Process, which underscores the commitment to innovation in LNG technology. With McDermott's compact and modular LNG train design, Monkey Island LNG can expect up to 60% more LNG production per acre in comparison to similar facilities. Greg Michaels, the Founder and CEO of Monkey Island LNG, highlighted the advantages of these LNG mega-modules, stating, "By leveraging these technologies, we significantly decrease the land required for large-scale LNG production while also mitigating project costs and risks."

The project reflects a massive investment of $25 billion through its two phases, positioning it as one of the largest private energy infrastructure developments in North America. Under the MSA, McDermott will handle the engineering, execution planning, and pricing structures necessary for the project's engineering, procurement, and construction (EPC) phase. This agreement is anticipated to evolve into a comprehensive EPC contract as financing activities progress.

Rob Shaul, Senior Vice President of Low Carbon Solutions at McDermott, emphasized the firm's extensive expertise in LNG and modular design. He stated, "Our integrated delivery model, which includes self-performed construction and a global network of McDermott-owned fabrication yards, uniquely positions us to deliver a high-value solution while minimizing associated risks."

Engineering and permitting for the project are scheduled to commence in 2026, with the first LNG production set to roll out in the early 2030s. The initiative will be led by McDermott's Houston team, with support from its engineering division based in Gurugram, India.

About Monkey Island LNG

Monkey Island LNG, or MILNG, stands as a private enterprise committed to addressing the escalating global energy demands through the development of essential U.S. natural gas infrastructure. Its flagship project on Monkey Island in Louisiana is strategically situated just a couple of miles inland from the Gulf of Mexico, benefiting from abundant gas supplies and employing proven liquefaction technology. This innovative commercial structure and cost-effective construction approach, supported by an established EPC contractor, highlight its commitment to success.

For more details on their initiatives, interested parties can visit www.monkeyislandlng.com.

About McDermott

As a premier provider of engineering and construction solutions to the energy sector, McDermott is known for its innovative, technology-focused strategies aimed at harnessing global energy resources responsibly. With operations in over 30 countries and a robust portfolio of specialty marine construction vessels and fabrication facilities worldwide, McDermott is committed to advancing energy infrastructure with an eye toward sustainability.

To learn more about McDermott, please visit www.mcdermott.com.

This landmark partnership between Monkey Island LNG and McDermott is expected to usher in a new era of efficient energy production, making significant strides in the natural gas landscape.