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Golden Pass LNG Terminal LLC told the bankruptcy court handling Zachry Industrial Inc.’s restructuring that construction at its Texas export project could be at risk of “a near complete shut down” unless the firm is swiftly removed.
In an emergency motion filed over the Juneteenth holiday, lawyers for Golden Pass requested the U.S. Bankruptcy Court for the Southern District of Texas to “immediately reject” Zachry’s interest in the $9.25 billion engineering, procurement and construction (EPC) contract for the liquefied natural gas project (No. 24-90377, #0299).
“Zachry has abandoned the LNG facility and, in any event, is incapable of performing under the EPC contract,” according to the motion. “It is also beyond dispute that Zachry’s actions have caused, and continue to cause, immediate and substantial harm that compounds on a daily basis.”
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