Execution of Large-Scale Projects in the Core LNG Business and Initiatives for New Projects

「The company continued negotiations on the EPC contracts for Trains 2 and 3 after reaching a basic agreement in June 2025 on the allocation of future cost burdens, and formally signed amended EPC contracts with GPX in November 2025. This established an execution structure covering all three trains, Trains 1 through 3. For Train 1, construction and commissioning were completed in March 2026, and production of first LNG was achieved.」

「Following the withdrawal of Zachry, the U.S. Golden Pass LNG project formed a two-company joint venture with McDermott, replacing the former joint venture with Zachry, and has proceeded with construction after agreeing with its customer, Golden Pass LNG LLC (GPX), to amend the EPC contract for Train 1 last November. During the interim consolidated accounting period, while negotiating amendments to the EPC contract for Trains 2 and 3, the company reached a basic agreement with GPX in June on the allocation of responsibility for future cost burdens, including settlement of costs to be incurred in executing the project going forward. The parties are now in the final stage before signing the contracts.」

「The company has confirmed that it is working with its customer, U.S. Golden Pass LNG Terminal LLC (GPX), and its U.S. joint venture partner, CB&I LLC (CB&I), to complete the U.S. Golden Pass LNG project (GPX project). In November 2024, it agreed with the customer to amend the contract for Train 1 of the LNG plant and continues to negotiate amendments to the contracts for Trains 2 and 3.」

「The company has confirmed that it is working with its customer, U.S. Golden Pass LNG Terminal LLC (GPX), and GPX project's U.S. joint venture partner, CB&I LLC (CB&I), to complete the U.S. Golden Pass LNG project (GPX project), and is holding discussions to obtain various forms of support from the customer toward that goal.」

「Overseas, EPC work for LNG plants is under way in Qatar and the United States. Construction work is moving into full swing at both the Qatar North Field East LNG export base project (NFE project), which involves adding four 8-million-ton-per-year LNG plant trains, and the U.S. Golden Pass LNG project.」

「Overseas, EPC work for LNG plants is under way in Qatar and the United States. Construction work is moving into full swing and progressing at both the Qatar North Field East LNG export base project (NFE project), which involves adding four 8-million-ton-per-year LNG plant trains, and the U.S. Golden Pass LNG project.」

「Overseas, we are carrying out EPC activities for LNG plants in Qatar, the United States and Indonesia. Construction work on Qatar’s North Field East LNG export terminal project (NFE project), an expansion project involving four 8-million-ton-per-year LNG trains, and the Golden Pass LNG project in the United States is entering full swing and progressing. Train 3 of Indonesia’s Tangguh LNG expansion project was handed over to the customer in August 2023, and production has begun.」

「Overseas, EPC (engineering, procurement and construction) work for LNG plants is under way in Qatar, the United States and Indonesia. At the Qatar North Field East LNG export base project (NFE project), which involves adding four 8-million-ton-per-year LNG plant trains, civil construction for the permanent facilities is moving into full swing and progressing. Construction work at the Golden Pass LNG project in the United States is likewise moving into full swing and progressing.」

「Overseas, EPC (engineering, procurement and construction) work for LNG plants is under way in Qatar, the United States and Indonesia. At the Qatar North Field East LNG export base project (NFE project), which involves adding four 8-million-ton-per-year LNG plant trains, civil construction for the permanent facilities is moving into full swing and progressing. Construction work at the Golden Pass LNG project in the United States is likewise moving into full swing and progressing.」

「Overseas, EPC (engineering, procurement and construction) work for LNG plants is under way in Qatar, the United States and Indonesia. At the Qatar North Field East LNG export base project (NFE project), which involves adding four 8-million-ton-per-year LNG plant trains, civil construction for the permanent facilities is under way in earnest. Construction work is also moving into full swing at the Golden Pass LNG project in the United States. Indonesia's Tangguh LNG Expansion Project (Train 3) is nearing the end of construction.」

「In Qatar, we are carrying out EPC activities for the North Field East LNG export terminal project (NFE project), an expansion project involving four 8-million-ton-per-year LNG trains, and construction of the permanent plant has begun. At the Golden Pass LNG project in the United States, where we are carrying out EPC activities, field construction is entering full swing. In Indonesia, construction of Train 3 of the Tangguh LNG expansion project is approaching completion and is progressing toward completion.」

「Overseas, EPC (engineering, procurement and construction) work for LNG (liquefied natural gas) plants is under way in Qatar, the United States, Indonesia and Nigeria. In Qatar, EPC work is under way on the North Field East LNG export base project (NFE project), which involves adding four 8-million-ton-per-year LNG plant trains. In the United States, EPC work is under way on the Golden Pass LNG project.」

「Overseas, EPC (engineering, procurement and construction) work for LNG (liquefied natural gas) plants is under way in Qatar, the United States, Indonesia and Nigeria. In Qatar, EPC work is under way on the North Field East LNG export base project (NFE project), which involves adding four 8-million-ton-per-year LNG plant trains. In the United States, EPC work is under way on the Golden Pass LNG project.」

「The North Field East LNG export terminal project (NFE project), an expansion project involving four 8-million-ton-per-year LNG trains in Qatar, has begun EPC activities.」

「Overseas, EPC work for LNG (liquefied natural gas) plants is under way in the United States, Indonesia, Mozambique and Nigeria. In the United States, the Cameron LNG project has commenced commercial production across all trains. EPC work is under way on the Golden Pass LNG project. In Mozambique and Nigeria, technical support, including reviews of designs carried out by partners, is under way on LNG projects. The company also submitted a bid for a project in Qatar to add four 7.8-million-ton-per-year LNG plant trains.」

「In the United States, commercial operations began at the third train of the Cameron LNG project in August 2020, bringing all trains into commercial operation.」

「Overseas, the company is executing EPC services for LNG (liquefied natural gas) plants in the United States, Indonesia, Mozambique and Nigeria. In the United States, commercial operations began at the third train of the Freeport LNG project in May 2020, bringing all trains into commercial operation. Production began at the third train of the Cameron LNG project in May 2020, and the company continues to execute the project safely and reliably toward the start of commercial operations.」

「In the United States, commercial operations began at the first train of the Cameron LNG project, and LNG production began at the second train. At the Freeport LNG project, commercial operations began at the first train, and LNG production began at the second train. The company continues to execute both projects safely and reliably toward completion. It is executing EPC work on the Golden Pass LNG project, for which it received an order in February 2019. It is also preparing an EPC estimate for a project in Qatar to add four trains, each with annual capacity of 7.8 million tonnes, to an LNG plant.」

「In the United States, commercial operations began at the first train of the Cameron LNG project, while LNG production and shipments began from the first train of the Freeport LNG project. Full-scale EPC (engineering, procurement and construction) work has begun on the Golden Pass LNG project. Outside the United States, for the LNG project for the partners in Mozambique Offshore Area 1, which reached final investment decision in June this year, the company will provide technical support services, mainly reviewing designs prepared by the EPC partner.」

「In the United States, LNG production and shipments began from the first train of the Cameron LNG project, and full-scale EPC (engineering, procurement and construction) work began on the Golden Pass LNG project. In addition, the company is preparing EPC estimates in Qatar and Nigeria.」

「In Australia, both the first and second trains of the Ichthys LNG plant began production. In Russia, the third train of the Yamal LNG plant was completed more than 1 year ahead of the contractual delivery date, bringing the production capacity of the three trains to 16.5 million tonnes, demonstrating steady progress on these large-scale projects. In the United States, the company won an order for a new LNG plant project. In addition, in Qatar it completed FEED services as scheduled for a plan to add four trains to an LNG plant with annual capacity of 7.8 million tonnes, while in Nigeria it is steadily executing FEED and EPC estimating services.」

「In Australia, both the first and second trains of the Ichthys LNG plant began production. In Russia, the third train of the Yamal LNG plant was completed more than 1 year ahead of the contractual delivery date, bringing the production capacity of the three trains to 16.5 million tonnes, demonstrating steady progress on these large-scale projects.」

「In Russia, the second train of the Yamal LNG plant was completed, while in Qatar the company is performing FEED (front-end engineering design) services for an expansion project. In Nigeria, it won contracts for FEED and EPC (engineering, procurement and construction) estimating services.」

「Overseas, the company is executing EPC (engineering, procurement and construction) services for LNG plants in Australia, the United States, Russia and Indonesia. For future EPC work, it continues EPC preparation work on the Mozambique project, where it has already been selected as the contractor. In addition, in Qatar it is steadily executing FEED services for a plan to add three trains to an LNG plant with annual capacity of 7.8 million tonnes, and is preparing an estimate for a new LNG plant project in the United States.」

「Overseas, the company is executing EPC (engineering, procurement and construction) services for LNG plants in Australia, the United States, Russia and Indonesia. The first train of the Yamal LNG project in Russia began production in December 2017. For future EPC work, it continues EPC preparation work in Mozambique, where it has already been selected as the contractor. In addition, in Qatar it completed a study on debottlenecking (capacity expansion) of an LNG plant, won the FEED (front-end engineering design) contract in March 2018 for a plan to add three trains to an LNG plant with annual capacity of 7.8 million tonnes, and is also preparing an estimate for a new LNG plant project in the United States.」

「Overseas, the company is executing EPC (engineering, procurement and construction) services for LNG plants in Australia, the United States, Russia and Indonesia. The first train of the Yamal LNG project in Russia, which the company was executing, began production as scheduled in December 2017. In addition, it continues to perform EPC preparation work under the contract in Mozambique, where it was selected as the EPC contractor. Furthermore, as announced in June 2017, it conducted a study on debottlenecking (capacity expansion) of an LNG plant in Qatar under a memorandum of understanding with Qatar Petroleum and contributed to developing a master plan to achieve Qatar’s LNG production expansion target.」

「Overseas, the company is executing EPC (engineering, procurement and construction) services for LNG plants in Australia, the United States, Russia and Indonesia. In addition, it continues to perform pre-contract work in Mozambique, where it was selected as the EPC contractor. Furthermore, as announced in June this year, it is conducting a study on debottlenecking (capacity expansion) of an LNG plant in Qatar under a memorandum of understanding with Qatar Petroleum.」

「Even under these challenging conditions, the Group is diligently executing construction work for large-scale projects in its core LNG business in the United States, Australia, Russia and Indonesia. It also continues strategic initiatives to secure orders, including participating in bids after identifying future projects with a high probability of realization.」

「Overseas, the company has completed FEED (front-end engineering design) services for LNG plants in the United States and Russia and is executing EPC (engineering, procurement and construction) services in Australia, the United States, Russia and Indonesia. In addition, it continues to perform pre-contract work in Mozambique, where it was selected as the EPC contractor.」

「Overseas, the company is actively executing EPC (engineering, procurement and construction) services for LNG plants in Australia, the United States, Russia and Indonesia, and FEED (front-end engineering design) services for an LNG plant in the United States. In addition, in Mozambique, where it was selected as the EPC contractor for an LNG plant, it is carrying out some pre-contract work.」

「In LNG, its core business, the company continues to secure a strong position by actively pursuing new projects, including highly feasible expansion projects, in addition to executing large-scale projects around the world, as demonstrated by its securing a new order in Indonesia.」

「In LNG, its core business, the company is actively pursuing new projects, including highly feasible expansion projects, in addition to executing large-scale projects around the world, although some projects have experienced delays in reaching final investment decisions.」