Golden Pass LNG recently finalized an agreement with its contractors, Chiyoda and McDermott. This amendment revises the Engineering, Procurement, and Construction (EPC) terms for its significant Texas project. Specifically, the agreement targets the second and third processing trains of the liquefied natural gas facility. QatarEnergy and ExxonMobil jointly own this facility.
Project Overview
The Golden Pass LNG facility represents a major energy infrastructure endeavor. Located in Texas, it plays a crucial role in the global liquefied natural gas market. The project involves converting natural gas into a liquid state for easier transport and export.
Facility Scope
This complex includes multiple processing trains designed to liquefy natural gas. The current amendment focuses specifically on the second and third trains. These units are integral to the facility’s overall operational capacity and future output.
Contractual Adjustments
Golden Pass LNG initiated the amendment to its existing EPC contract. This revision involved discussions with Chiyoda and McDermott, the primary contractors for the project. The parties reached a mutual understanding on the updated terms.
Details of the Amendment
The specific changes within the EPC terms address various aspects of project execution. These terms cover engineering, procurement, and construction activities for the designated trains. Such amendments are common in large-scale industrial projects. They help ensure alignment between owners and contractors throughout the development phase.
Joint Venture Ownership
QatarEnergy and ExxonMobil are the co-owners of the Golden Pass LNG project. These two energy giants share responsibility for the facility’s development and operation. Their joint venture underscores the strategic importance of the Texas LNG terminal in the global energy landscape.
The recent agreement between Golden Pass LNG, Chiyoda, and McDermott marks a significant development. It refines the EPC framework for the facility’s second and third processing trains. This ensures continued progress for the QatarEnergy and ExxonMobil-owned venture in Texas.
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