McDermott International, Inc. and its joint member Chiyoda, have entered into an agreement with Cameron LNG related to the construction of its LNG liquefaction project in Louisiana.
The agreement aligns the start dates for any schedule-related liquidated damages to be consistent with the current schedule, and fully aligns and strengthens the commitment of CCJV to complete the project in accordance with the current schedule.
The agreement will also provide the opportunity for incentive bonus payments for achieving construction and commissioning milestones on specified dates for trains 2 and 3.
“Over the past year, we have further strengthened our relationship with Cameron LNG and our leadership, oversight, execution, forecasting and reporting on the project,” said Samik Mukherjee, Group Senior Vice-President of Projects.
... to continue reading you must be subscribed
