BKR - KBR awarded Plaquemines EPC contract from Venture Global

KBR ([[KBR]] +3.1%) sprints to a nine-month high after Venture Global LNG awarded it the engineering, procurement and construction contract for the 10M metric tons/year phase 1 Plaquemines LNG liquefaction plant under development in Louisiana.KBR will install 18 Baker Hughes-built ([[BKR]] +5.1%) liquefaction trains at Plaquemines LNG, the same systems being delivered and installed at Venture Global's 10M mt/year Calcasieu Pass LNG project, also in Louisiana.Plaquemines, which is designed to produce 20M mt/year of liquefied natural gas, is expected to enter service in 2023.The Plaquemines LNG project has received all required regulatory approvals and has signed binding 20-year offtake agreements with PGNiG and EDF for 3.5M mt/year of the project's capacity.ETFs: [[UNG]], [[UGAZF]], [[DGAZ]], [[BOIL]], [[KOLD]], [[UNL]], [[GAZ]], [[GAZB]]

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KBR awarded Plaquemines EPC contract from Venture Global