Exxon’s Golden Pass LNG seeks three-year extension to complete construction
Contributor since / Followers
Sky_Blue
The developers of the $10B Golden Pass liquefied natural gas export project on the Texas coast have asked regulators for a three-year extension to complete construction, citing scheduling uncertainties, Reuters reported Thursday.
Golden Pass LNG, a joint venture of Exxon Mobil (NYSE:XOM) and QatarEnergy, wrote to the Federal Energy Regulatory Commission that a change in primary contractors will require an extension until November 2029.
Exxon (XOM) and QatarEnergy said earlier this month that project startup would be delayed until late next year; the current approval expires in November 2026.
“The additional time will allow for the rehiring and remobilization of over 4,000 skilled workers and provide for potential uncertainties such as severe weather or hurricane delays when it may not be safe to have crews on site,” Golden Pass LNG told FERC.
The project’s primary contractor filed for bankruptcy in May following a dispute over $2.4B in cost overruns; Golden Pass LNG then named McDermott International’s CB&I unit as lead contractor.