Cheniere Energy’s (Cheniere) wholly owned subsidiary, Corpus Christi Liquefaction, and Bechtel Oil, Gas and Chemicals, (Bechtel) have entered into two lump sum turnkey contracts for the engineering, procurement and construction (EPC) of LNG trains and related facilities being developed near Corpus Christi, Texas (the Corpus Christi Liquefaction Project). The Corpus Christi Liquefaction Project is expected to be constructed in stages, with each LNG train commencing operations on a staggered basis. Work under the EPC contract is expected to c
Engineering and construction firms adapt to a changing market.
Engineering, procurement and construction (EPC) contracts are evolving as utilities seek to spread risks, contain costs, and execute their business strategies. As a result, turnkey contractors are adapting their capabilities to meet the industry’s changing needs. Leading EPC firms share their vision for a 21st century energy industry—and their role in building it.