HOUSTON, TX and CAMERON PARISH, LA--(Marketwired - Jul 21, 2016) - Technip was awarded a Master Services Agreement (MSA) by SCT&E LNG, Inc. for their proposed 12 mtpa(1) Liquefied Natural Gas (LNG) export terminal located on Monkey Island, in Cameron Parish, Louisiana, USA.
The MSA will be utilized to execute engineering services necessary to develop the project including the Front End Engineering Design (FEED) and supporting the Federal Energy Regulatory Commission (FERC) process.
The total liquefaction capacity for the SCT&E LNG project is 12 mtpa and will be achieved through three identical 4 mtpa natural gas liquefaction trains, with the necessary utilities, storage, and marine facilities.
Technip's operating center in Houston, Texas, USA, will execute the contract.
Harvey Vigneault, Technip North America's Chief Operating Officer for the Onshore Business Unit, stated: "We are very proud to have been selected to support SCT&E LNG in their significant project venture. Our experienced team of LNG and project professionals will utilize their extensive experience and expertise to place the Monkey Island LNG project in the best position moving forward. This award will add to Technip's depth of recent projects the company has participated in along the U.S. Gulf Coast region, as well as strengthen its longstanding leadership position in LNG projects globally."
Greg Michaels, Chairman and CEO of SCT&E LNG, added, "Technip has over 50 years of LNG experience, which includes the first baseload LNG liquefaction project. Overall, their extensive experience, especially in recent U.S. Gulf Coast LNG projects, and their assigned project team were key factors in our decision to select Technip. They are a great addition to our project, and their involvement supports our business model of only working with proven and experienced LNG contractors."
(1)Mtpa: million tons per annum
About SCT&E LNG:
Originally established by Southern California Telephone Company, SCT&E LNG, INC. is a Nevada corporation and developer of an LNG export terminal. The SCT&E LNG project is currently modeled as an LNG tolling facility utilizing cryogenic technologies to liquefy natural gas for export globally. The SCT&E LNG plan is to liquefy approximately 1.60 billion cubic feet (bcf) per day of natural gas to create approximately 12 million tons per annum (mtpa) of LNG at its future facilities on Monkey Island in Cameron Parish, Louisiana.
Southern California Telephone Company, today doing business as Southern California Telephone & Energy (SCT&E), is a successful twenty-one year, privately-owned United States Public Utility Company. The company was originally founded in 1994 as Wholesale Airtime, Inc. by CEO Greg Michaels. Southern California Telephone Company is a Telecommunications and Energy Company which has developed, owns, and operates redundant telecommunications networks. The company maintains facilities on both coasts of the United States. SCT&E holds a U.S. Federal Energy Regulatory Commission (FERC) Authority, allowing it to buy and sell energy nationwide. SCT&E has multiple locations, with its corporate office headquartered in Temecula, California.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks, uncertainties, and assumptions that include expected earnings, future growth and financial performance, and typically can be identified by the use of words such as "expect," "estimate," "anticipate," "forecast," "plan," "believe", "optimistic," "intend," "will," and similar terms. Although SCT&E LNG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially from those anticipated in these forward-looking statements. A variety of factors that could cause actual results to differ materially from those contemplated above include, among others, general economic conditions, hazards customary in the oil, gas and LNG industries, weather conditions, competition and developments in oil, gas and LNG markets beyond the Company's control, the volatility of energy and fuel prices, failure of customers to perform under contracts, changes in the oil, gas and LNG markets, changes in government regulations of markets and of environmental emissions, the condition of capital markets generally, securitization of sufficient capital or a strategic business arrangement to fund its plan of operation, the Company's ability to access capital markets, management resources and infrastructure necessary to support the growth of its business, unanticipated facilities outages, adverse results in current and future litigation, failure to identify or successfully implement acquisitions (including receipt of third party consents and regulatory approvals), failure to acquire or transact on off-take agreements, and other risk factors related to the liquefied natural gas and related and connected business.
All forward-looking statements attributable to SCT&E LNG or persons acting on its behalf are expressly qualified in their entirety by these factors. SCT&E LNG undertakes no obligation to update or revise any forward-looking statements, other than as required under applicable securities laws, whether as a result of new information, future events or otherwise. The foregoing factors could cause SCT&E LNG's actual results to differ materially from those contemplated in the forward-looking statements included in this news release and should be considered in connection with information regarding risks and uncertainties that may affect SCT&E LNG's future results.