Ichthys LNG Project receives FID and JKC JV execute LoA for LNG plant facilities

13 November 2011: KBR, JGC Corporation (JGC) and Chiyoda Corporation (Chiyoda) jointly announced that INPEX CORPORATION and Total S.A. have notified the joint venture formed by JGC, KBR and Chiyoda, the JKC JV, that the Final Investment Decision (FID) for the Ichthys LNG project has been achieved. As part of this notification, the Ichthys Owners have issued a notification of award to the JKC JV for the engineering, procurement and construction for Ichthys LNG Project. The Ichthys Owners and the JKC JV have executed a formal letter of award for the initial engineering, procurement and construction activities for the project. The completion and execution of the formal EPC Contract is expected in the coming weeks.

Source: Yourindustrynews