Former Golden Pass LNG contractor Zachry nears exit from bankruptcy

an “expedited basis” while Zachry will exit the project in an “efficient and cooperative manner”, the company said at the time.

In November last year, Japan’s Chiyoda and US-based CB&I reached a deal with Golden Pass LNG to complete the construction of the first liquefaction at the giant LNG export plant in Texas.

“CB&I and CIC, and Golden Pass LNG Terminal will continue engagements on subsequently amending the contract for the completion of Trains 2 and 3 and will disclose promptly when we conclude such agreement,” Chiyoda said at the time.

QatarEnergy owns a 70 percent stake in the Golden Pass LNG project with a capacity of more than 18 mtpa and will offtake 70 percent of the capacity, while ExxonMobil has a 30 percent share.

Golden Pass LNG expects to launch the first train at the end of this year.