ExxonMobil has delayed the start-up of its Golden Pass LNG export project in Texas to late 2025 due to construction setbacks caused by the bankruptcy of the lead contractor.
ExxonMobil is delaying the start-up of its joint venture Golden Pass LNG export project in Texas to late 2025 from the first half of next year after work at the facility stalled following the bankruptcy of the lead contractor, Exxon’s CFO Kathy Mikells told Bloomberg in an interview on Friday.
The process we are starting today provides us mechanisms to initiate a structured exit from the GPX project.” As a result, progress on the LNG export project at Sabine Pass, Texas, stalled. Zachry said in June that the U.S. Bankruptcy Court for the Southern District of Texas had approved its settlement agreement with Golden Pass LNG Terminal LLC and joint venture partners CB&I LLC and Chiyoda International Corporation.
Golden Pass LNG LNG Natural Gas Project Delay Contractor Bankruptcy Zachry Qatarenergy Texas Energy Industry
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