Zachry Holdings Inc. and project owners ExxonMobil and Qatar Energy are negotiating to resolve an ongoing battle over payments, layoffs, stalled work and
leadership on the $10.5-billion project—while a July 1 federal court ruling has reversed the Biden Administration pause on approvals of new LNG facilities
In bankruptcy protection filings linked to “structured exit” from estimated $10B Golden Pass LNG export terminal, contractor airs details of cost squeeze and bad blood, and
Firm execs cited “extensive lead times across critical components”
in late 2027 start of Zachry-built scaled-up project in Texas Permian energy region, In mid-November earnings call.
Fixed price award for Brownsville, Texas gas export plant first phase follows developer NextDecade's final investment decision and what it says is a record $18.4B financing for three-train facility to produce 17.6M tons annually.
