May 9 (Reuters) - Golden Pass LNG, a joint venture
between QatarEnergy and Exxon Mobil ( XOM ), on Thursday said it
was in ongoing talks with a contractor that could have near-term
impacts on activity at its site, but it did not tell any
contractor to send workers home.
The joint venture is constructing a 2.4-billion cubic feet
per day liquefied natural gas (LNG) export plant in Texas, which
is slated to start up next year.
Calendar 2025 natural gas futures fell to $3.15
per million British thermal units (mmBtu) earlier in the
session, their lowest since February 2022, due in part to a
media report that Zachry Industrial Group workers were
furloughed. Energy traders said that could cause the plant to
start later than previously expected.
"Golden Pass did not tell any contractor to send workers
home. Golden Pass LNG acknowledges ongoing discussions regarding
the role of Zachry within CCZJV. Work continues to diligently
complete the project, but these discussions may impact site
activity in the near term," a spokesperson said in an email on
Thursday.
CCZJV is the joint venture between Chiyoda International
Corporation, McDermott International and Zachry Group, according
to the Golden Pass website.
Demand for natural gas is projected to rise in 2025 as
several LNG export plants enter service, including Golden Pass,
Venture Global's Plaquemines in Louisiana, Cheniere's Corpus
Christi expansion in Texas, and Sempra's ( SRE ) Costa Azul in Mexico.
The delay of any of those would reduce the growth expected
in gas demand next year.