Monkey Island LNG & McDermott Boost LNG Output by 60%
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Project: Monkey Island LNG Facility
Location: Cameron Parish,Louisiana (2 miles inland from the Gulf of Mexico)
Developer: Monkey Island LNG (MILNG) - a private company
Key Facts:
Capacity (Phase 1): 15.6 million metric tons per annum (MTPA) – three LNG trains at 5.2 MTPA each.
Planned Expansion: Two additional trains, increasing total capacity to 26 MTPA.
Investment: $25 billion across two phases.
Technology: ConocoPhillips Optimized Cascade® Process.
Design: Compact, modular LNG train design (McDermott) – aims for 60% more LNG per acre than comparable projects.
Footprint: Designed to maximize LNG production with fewer acres.
Key Players & Roles:
Monkey Island LNG (Greg Michaels, CEO): Project developer and owner.
McDermott (Rob Shaul, SVP of Low carbon Solutions): Engineering, execution planning, and pricing for the EPC phase. Potentially the EPC contractor. Leveraging modular design and global fabrication yards.
Timeline:
MSA (Master Service Agreement): Currently in place.
EPC Contract: Expected to follow financing activities. Engineering & Permitting: Begin in 2026.
First LNG Production: Targeted for early 2030s.
Key Benefits/Highlights:
Addresses global energy crisis and growing LNG demand.
Utilizes proven liquefaction technology.
Innovative commercial structure and low-cost construction plan.
Important investment in North American energy infrastructure.