Chiyoda provides update on Golden Pass LNG project
Chiyoda and McDermott, the construction JV partners for the Golden Pass LNG export project, continue to progress on the project.
McDermott and Chiyoda have continued cooperative discussions with Golden Pass LNG Terminal LLC and have signed a binding term sheet addressing the key components of an agreement for completion of Trains 2 and 3 of the project.
When combined with the amendment of the engineering, procurement and construction (EPC) contract for the completion of the full scope for Train 1, and when converted into an approved contract amendment, this term sheet addresses the full scope and commercial terms for completion of the project.
McDermott, Chiyoda and Golden Pass LNG Terminal will continue engagements to finalize amendment to the contract and will disclose promptly when the agreement is concluded.
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