McDermott, Chiyoda Complete Cameron Project

Train 2 Receives First Pipeline Feed Gas

Engineering specialists McDermott and Chiyoda have announced the completion of Train 2 of the Cameron project, in Hackberry, Louisiana.

The partners reached the final commissioning stage for the liquefaction export facility and introduced the first pipeline feed gas to the new LNG train.

“This achievement is yet another significant milestone during 2019 and the first for Train 2,” a spokesperson for McDermott said.

The news follows first commercial operation at Cameron LNG Train 1 in August and is expected.

Three Liquefaction Trains

McDermott and Chiyoda have been involved in engineering, procurement and construction work for the Cameron LNG project since its inception in 2014. Once fully operational, the facility is expected to export 12 million tonnes per annum of LNG, or about 1.7 billion cubic feet per day, from three liquefaction trains.

Headquartered in Texas, McDermott is one of the largest integrated onshore-offshore EPC companies in the world, with operations in more than 54 countries and a workforce of about 32,000 employees.

Tranche B Approved

The firm saw its outlook boosted this week as it was granted access to the second tranche of a US$1.7 billion super-priority senior secured credit facility.

The firm’s share price has struggled so far this year, impacted by strong headwinds in its core markets. Its stock hit at a record low of 56 cents in the middle of last month and has plummeted 88 percent year to date.

“The Tranche B funding is expected to allow McDermott to continue collaborative discussions regarding a long-term balance sheet solution,” a spokesperson said.