Technip Energies and KBR selected for major LNG project by Lake Charles LNG

The KTJV joint venture between Technip Energies (PARIS:TE) and KBR has been selected for a large-scale project.⁽¹⁾ Lake Charles LNG Engineering, Procurement, Fabrication and Construction (EPFC) Project. Subject to Lake Charles LNG making a final investment decision to proceed with this project, this project will convert the existing Lake Charles LNG import and regasification terminal, located in Lake Charles, Louisiana, on the Gulf Coast of the United States, into an LNG export terminal. When the conversion is complete, the liquefaction terminal will be one of the largest LNG terminals in the United States.

The price includes a new 16.45 Mtpa⁽²⁾ LNG export facility, including three 5.5 Mtpa modular LNG trains, conversion of brownfields to LNG storage, including procurement, transportation, fabrication, installation, commissioning and start-up of the terminal.

Arnaud Pieton, CEO of Technip Energies: “We are very pleased to have been selected for this major Lake Charles LNG contract, which, following a final investment decision, will highlight our continued leadership in modularized LNG and our strategic commitment to this market. This conversion will play a critical role in expanding global energy supply. By providing the necessary infrastructure, we will support our customer’s ambition to transport and distribute LNG around the world. We look forward to providing our world-class LNG expertise for this Lake Charles LNG initiative.”

Tom Mason, president of Lake Charles LNG:
“Lake Charles LNG is pleased to receive the commitment from two world-class companies to be the engineering, procurement and construction contractor for our liquefaction project. The structure of the contract provides alignment between KTJV and Lake Charles LNG to deliver a high-quality, cost-effective projectOur decision to issue a notice to proceed with the contract will be subject to our final investment decision to proceed with the project, which will be based on obtaining sufficient commercial offtake commitments and third party equity to achieve our internal objectives. We believe our alignment with KTJV is a positive step in our continued progress on the project.”

⁽¹⁾
A “major” order for Technip Energies is an order representing a turnover of more than €1 billion. This price will be booked on a first come, first served basis. Fabsolutely Nmessage to Pprocessed by the customer.
⁽²⁾ MTPA: million tons per year.

About Technip Energies

Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in LNG, Hydrogen and Ethylene, as well as growing market positions in Blue and Green Hydrogen, Sustainable Chemistry and CO2 Management. The company benefits from its robust Project Delivery model, supported by a comprehensive Technology, Products and Services offering.

Our 16,000 employees are active in 34 countries and are fully committed to bringing our customers’ innovative projects to life. In this way, we break down boundaries to accelerate the energy transition for a better future.

Technip Energies shares are listed on Euronext Paris. In addition, Technip Energies has a Level 1 sponsored American Depositary Receipts (“ADR”) program, where the ADRs are traded over the counter.
For more information: www.ten.com

Contacts

Investor Relations Media Relations
Phillip Lindsay Anne-Sophie Sibout
Vice President Investor Relations Vice President Corporate Communications
Tel: +44 207 585 5051 Tel: +33 1 40 90 12 09
Email: Phillip Lindsay Email: Anne-Sophie Sibout

Important information for investors and security holders

Forward-looking statements

This press release contains forward-looking statements that reflect the intentions, beliefs or current expectations and projections of Technip Energies (the “Company”) concerning the future results of operations, expected revenues, earnings, cash flows, financial condition, liquidity, performance, prospects, expected growth, strategies and opportunities of the Company and the markets in which the Company operates. Forward-looking statements are often identified by the words “believe”, “expect”, “anticipate”, “plan”, “intend”, “foresee”, “should”, “would”, “could”, “may”, “estimate”, “outlook”, and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on the Company’s current expectations, beliefs and assumptions concerning future developments and business conditions and their possible effect on the Company. Although the Company believes that these forward-looking statements are reasonable as and when made, no assurance can be given that future developments affecting the Company will be those that the Company anticipates.

All of the Company’s forward-looking statements involve risks and uncertainties, some of which are significant or beyond the Company’s control, and assumptions that could cause actual results to differ materially from the Company’s historical experience and the Company’s current expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements.

For information on known material factors that could cause actual results to differ from expected results, please refer to the Company’s risk factors as set out in the Company’s 2023 Annual Financial Report filed with the Netherlands Authority for the Financial Markets (AFM) and the French Autorité des Marchés Financiers (AMF) on March 8, 2024. These discuss factors that could affect the future performance of the Company and the markets in which it operates.

Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement in light of new information or future events, except as required by applicable law.