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Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil, asked a U.S. bankruptcy court to terminate Zachry's $5.8 billion contract within five days or allow control of the 75%-complete facility. Zachry, the primary contractor, filed for Chapter 11 bankruptcy due to major cost overruns. The project, expected to start processing gas this year, has not updated its completion schedule, raising concerns about reduced output.

QatarEnergy, Exxon Seek to Remove Contractor From Texas Gas Project

Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil, asked a U.S. bankruptcy court to terminate Zachry’s $5.8 billion contract within five days or allow control of the 75%-complete facility. Zachry, the primary contractor, filed for Chapter 11 bankruptcy due to major cost overruns. The project, expected to start processing gas this year, has not updated its completion schedule, raising concerns about reduced output.

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