Project award is a major milestone for a facility that would help secure Mozambique's status as one of the largest producers of liquified natural gas in Africa.
Increases in construction costs have more than doubled the project’s original estimate, with the current cost now estimated at approximately $1.2 billion.
The Panama Canal is bracing for renewed drought risk while surging traffic from Strait of Hormuz disruptions tests water-saving measures and long-term reservoir plans.
Project officials cited price dispute as the main reason to end the progressive design-build contract, and have begun the process of re-bidding work under a different delivery model.