Golden Pass LNG has finalized an agreement with contractors Chiyoda and McDermott to amend their Engineering, Procurement, and Construction (EPC) terms. This amendment specifically applies to the second and third trains of its Texas-based project. The Golden Pass LNG facility operates as a joint venture between QatarEnergy and ExxonMobil.
Contract Amendment Details
The recent agreement between Golden Pass LNG and its primary contractors, Chiyoda and McDermott, focuses on modifying existing EPC terms. This adjustment ensures continued progress and efficiency for the significant liquefied natural gas development. The parties involved reached a mutual understanding to update the contractual framework.
Scope of the Agreement
The amendment’s scope specifically targets the second and third trains within the Golden Pass LNG project. These trains represent critical components of the overall facility’s expansion and operational capacity. The updated terms reflect a revised approach to the engineering, procurement, and construction phases for these specific units.
Officials from Golden Pass LNG, Chiyoda, and McDermott collaborated to reach this agreement. Their discussions centered on optimizing project delivery for the designated trains. This collaborative effort aims to streamline operations moving forward.
Project Ownership and Location
Golden Pass LNG operates as a significant energy venture in the United States. QatarEnergy and ExxonMobil jointly own the project. Both companies hold substantial stakes in the global energy sector, contributing their expertise and resources to the facility.
The entire Golden Pass LNG project is strategically located in Texas. This location provides access to vital infrastructure and markets for liquefied natural gas. The facility plays a role in the broader energy landscape of the region.
The joint ownership structure brings together international and domestic energy giants. QatarEnergy, a state-owned enterprise, and ExxonMobil, a multinational corporation, manage the project collaboratively. Their combined efforts drive the development and operation of the LNG terminal.
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