Golden Pass LNG Contractor Zachry Says It Flagged Cost Concerns

Zachry Holdings Inc., the lead contractor of the Golden Pass liquefied natural gas export facility, said it received assurances in 2022 and 2023 that it would be paid for its work, despite mounting costs at the massive Texas plant.

Zachry said in a bankruptcy filing made late on June 21 that Golden Pass shareholders Exxon Mobil Corp. and QatarEnergy assured Zachry that it would be reimbursed. Exxon and QatarEnergy recognized that the project could not be completed at the original price or schedule despite public statements, the contractor said.

Golden Pass was originally due to produce its first LNG in ...