Golden Pass LNG awards major contract

Golden Pass LNG LLC has awarded a lump-sum turnkey contract to Chicago Bridge & Iron Co. NV (CB&I) for an LNG terminal to be built near Sabine Pass, Tex.

Aug. 4, 2006

By OGJ editors
HOUSTON, Aug. 4 -- Golden Pass LNG LLC has awarded a lump-sum turnkey contract to Chicago Bridge & Iron Co. NV (CB&I) for an LNG terminal to be built near Sabine Pass, Tex.

CB&I's work will include the engineering, procurement, and construction of facilities with the capacity to process 15.6 million tonnes/year of LNG. The scope of the $1 billion project includes the construction of two ship unloading berths, five full-containment storage tanks, vaporization facilities, gas send-out, and ship unloading systems.

Golden Pass LNG, owner of the Golden Pass LNG terminal, will likely be 70% owned by an affiliate of Qatar Petroleum, with affiliates of ExxonMobil Corp. and ConocoPhillips each owning a share in the balance of the terminal's interest.

LNG for the Golden Pass terminal will be supplied primarily from the Ras Laffan 3 and the Qatargas 3 projects in Qatar, which will produce and process gas from Qatar's offshore North field.