McDermott announces first cargo from Cameron LNG Train 1
McDermott International, Inc. (NYSE: MDR) reports that the first cargo of liquefied natural gas (LNG) has been shipped from the Cameron LNG project in Hackberry, La. On May 14, McDermott announced first liquid from Cameron LNG Train 1 and today's announcement of first cargo is a precursor to completion of Train 1.
"Shipping the first cargo from Train 1 is a tremendous achievement for McDermott and the joint venture project team, especially while maintaining a very strong safety record on such a large-scale and complex project," said Samik Mukherjee, Group Senior Vice President of Projects for McDermott. "Moreover, this an impressive contribution to the needs of a growing, global LNG infrastructure market—something our entire organization is proud to be a part of."
Since the initial award in 2014, McDermott and its joint venture member on the project, Chiyoda, have provided the engineering, procurement, construction and commissioning for the project. The project includes three liquefaction trains with a projected export capacity of more than 12 million tonnes per annum of LNG, or approximately 1.7 billion cubic feet per day.
Cameron LNG is jointly owned by affiliates of Sempra LNG, LLC, Total, Mitsui & Co. Ltd. and Japan LNG Investment, LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK).
About McDermott
McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry. McDermott designs and builds end-to-end infrastructure and technology solutions to transport and transform oil and gas. McDermott operates in over 54 countries, with approximately 32,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world.
