Australia based contractor Worley is building the liquefied natural gas export terminal for Venture Global along Louisiana's Gulf Coast near an existing facility
Company bankruptcy filing stemmed from a major cost dispute with the owners of the Golden Pass LNG export terminal project in Texas, from which it exited as lead contractor.
When completed, the three-train terminal would be one of the largest in the U.S., with a capacity of about 16.5 million tons per year, according to developer Energy Transfer.
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
Owners Pembina Pipeline and the Haisla Nation say it has some of the sector's most innovative emissions control technologies, but not enough to appease environmental-advocate opponents.
The pause directly impacts four proposed projects that are pending US Energy Dept. approval, but more are also in earlier stages of the authorization process.
Australian firm discloses award for estimated $5B Calcasieu Pass 2 first phase, but construction start still awaits government approval as project faces rising opposition from environmental advocates and others.
Analysis noted near shutdown by utlity Con Ed in NYC, as federal energy regulator also okayed four natural gas projects but left a controversial climate change measure undecided.