McDermott's storage business, CB&I, has been awarded a contract by Venture Global Plaquemines LNG for two 200,000 cubic-meter liquefied natural gas (LNG) storage tanks as part of the first phase of the Plaquemines LNG export project.

Located on the Mississippi River, 20 miles south of New Orleans, Plaquemines LNG is expected to have a combined export capacity of up to 20 million metric tonnes per year. The phase one scope for CB&I includes the engineering, procurement and construction of two full containment concrete LNG storage tanks with associated foundations, tank top mechanical systems and pipe racks extending to the main facility.

CB&I recently achieved ready for cooldown as scheduled for two LNG tanks of similar size and scope for the Venture Global Calcasieu Pass LNG project.

"Venture Global witnessed firsthand the agility of our project management and construction teams to adjust, adapt and overcome the challenges inherent in executing work on the U.S. Gulf Coast," said Cesar Canals, Senior Vice President of CB&I. "We take great pride in our unwavering commitment to getting the job done safely and on schedule, and appreciate being selected as the tank contractor for Venture Global's next development."

About CB&I

CB&I is the world's leading designer and builder of storage facilities, tanks and terminals. With more than 59,000 structures completed throughout its 130-year history, CB&I has the global expertise and strategically located operations to provide its customers world-class storage solutions for even the most complex energy infrastructure projects. To learn more, visit www.cbi.com.

About McDermott

McDermott is a premier, fully integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott's innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott's locally focused and globally integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world.

About Venture Global LNG

Venture Global is a long-term, low-cost provider of U.S. LNG sourced from resource rich North American natural gas basins. Venture Global is currently constructing or developing 70 MTPA of production capacity in Louisiana to provide clean, affordable energy to the world. The company is developing Carbon Capture and Sequestration (CCS) projects at each of its LNG facilities.