Black & Veatch successfully completed its Guaranteed Performance Test on 12th August (154 days from first LNG), for all four of the Hilli Episeyo's PRICO© liquefaction trains, demonstrating their ability to meet customer demands for continuous and efficient production. Black & Veatch’s PRICO© technology uses a single-mixed refrigerant loop for natural gas liquefaction – a process that provides several key benefits including requiring minimal equipment, scalability and a compact process footprint that makes it ideal for offshore liquefaction projects. “Completing the performance testing aboard the Hilli Episeyo is the latest evidence of the benefits our PRICO technology provides for floating LNG solutions,” said Bob Germinder, Black & Veatch Senior Vice President and Managing Director of Floating Oil & Gas Solutions. “We can deliver reliable liquefaction for clients wherever they need it – on shore, near shore, or off shore.” Golar LNG CEO Iain Ross commented: “The crew are becoming increasingly comfortable with the facility, which has achieved 100 percent commercial availability to date. Lessons learned during the conversion, commissioning and from operations to date will be invaluable for the next FLNG project, which is also expected to utilize the same Black & Veatch technology.” FLNG solutions are a cost-effective and rapid-delivery alternative to traditional onshore facilities, which is particularly crucial in natural gas’ current low-price environment. Black & Veatch has grown its relationship with Golar since 2011, going from concept and front-end design to design and commercial delivery of FLNG vessel conversions. Editor's Notes: Black & Veatch has supported LNG infrastructure developments for more than 50 years, combining technology and know-how on LNG production, storage, regasification and send out facilities with seamless solutions for design, procurement, fabrication and construction. Black & Veatch recently delivered the regasification system for the world’s first barge-based FLNG regasification and storage unit. The barge-based floating storage and regasification unit (FSRU) was delivered in December 2017 from a shipyard in Nantong, China for global oil and gas shipper Exmar. Black & Veatch was recently named EPC Contractor of the Year, an award presented at the LNG USA Summit 2018 in Houston. The honor recognized the company’s advanced capabilities in executing complex projects and coincides with increasing investor interest in flexible, cost-effective LNG solutions that can more quickly move supply to end users. Media Contact Information: CHRISTOPHER CLARK | 913-458-2778 p | 816-674-0572 m | email@example.com-HOUR MEDIA HOTLINE | +1 866 496 9149 0 About Black & Veatch Black & Veatch is an employee-owned, global leader in building critical human infrastructure in Energy, Water, Telecommunications and Government Services. Since 1915, we have helped our clients improve the lives of people in over 100 countries through consulting, engineering, construction, operations and program management. Our revenues in 2017 were US$3.4 billion. Follow us on www.bv.com and in social media. Related Insights With Grid Modernization, Utilities Poised For Most Visible Transformation The annual Strategic Directions Report series offers analysis and insights into key issues and trends facing the smart cities and utilities, electric, natural gas, and water utility sectors. FLNG Solutions Prove To Be Much More Than Potential It was roughly a decade ago when the initial introduction of floating liquefied natural gas (FLNG) solutions sought to help bring uneconomic gas reserves offshore, such as those in remote locations, to the market. Over the past few years, however, we’ve watched as offshore FLNG capabilities have moved closer to the mainland, offering a very flexible and economical solution to operators looking to offload their supply around the world. Four Big Trends in Gas-to-Power Hold Promise for U.S. Market Major energy shifts are afoot, and the United States will play a critical role going forward. The EIA projects that by 2022, the U.S. will become a net energy exporter, according to its newly released Annual Energy Outlook 2018. For natural gas, this shift will happen even earlier, around 2020, the EIA says. Market Strives to Deliver Over Pipeline Challenges As if the persistent low-price environment wasn’t enough, rampant natural gas production in the Appalachian and Permian Basins is ramping up concern that pipeline take-away capacity can’t keep up. This comes as the United States natural gas industry prepares to enter one of its strongest growth periods to date, driven by increasing global demand for low cost natural gas supplies and growing domestic demand for cleaner energy sources. Southeast Asia’s Journey Toward a Cleaner Energy Future Strong economic growth, low gas prices and environmental goals are transforming natural gas demand in Southeast Asia.