Current MDR Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

Facility will be able to produce a total of 2.2 Bcf per day upon completion
Train 1 of the Freeport LNG project, located on Quintana Island in Freeport, Texas, has reached its final commissioning stage, including the introduction of feed gas into the liquefication facility.

The project is being constructed by engineering company McDermott (stock ticker: MDR), in partnership with the Zachary Group and the Japanese-based Chiyoda Corporation.

Mark Coscio, McDermott’s senior vice president for North Central and South America noted that the Freeport facility is the “first of its kind in the US, with the largest electric motor driven refrigeration compressors.”

“Once Train 1 is ...

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