Zachry Industrial blames insolvency on Golden Pass LNG's owners

Bankruptcy isn’t how international engineering and construction powerhouse Zachry Holdings Inc. intended to mark its 100th year in business. A successor to H.B. Zachry Co. , founded in Laredo in 1924 before relocating to San Antonio , Zachry Holdings and 20 of its subsidiaries are now in a fight for survival after costs to build a $10 billion liquefied natural gas export terminal in Southeast Texas allegedly went awry. One of those subsidiaries now mired in Chapter 11 — Zachry Industrial Inc.

Challenges at Golden Pass LNG terminal lead S.A.’s Zachry Holdings, subsidiaries into bankruptcy Work started on the project in 2019 but by mid-2022 required an additional $2.4 billion to complete, Zachry Industrial says in its complaint.

Zachry Industrial Inc. Golden Pass LNG Terminal LLC Exxon Mobil Corp. Zachry Holdings Inc. S.A. Chiyoda International Corp Mcdermott International CCZJV Exxon Mobil Global Projects Co Zachry Co. John Zachry Zachy Ahmad Al-Amoodi John Gibbs Al-Amodi Zachry Industrial San Antonio Southeast Texas Laredo Sabine Pass Zachry Russia Ukraine Qatar Houston Japan U.S. Deep COVID-19 Golden Pass LNG Work CCZJV H.B. Golden Pass Claims Settlement Agreement Chapter 11 The Project

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