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.
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
In bankruptcy protection filings linked to “structured exit” from estimated $10B Golden Pass LNG export terminal, contractor airs details of cost squeeze and bad blood, and