McDermott and its joint venture partner Chiyoda International CorporationChiyoda International Corporation (CIC) have signed a contract amendment with Golden Pass LNG Terminal LLC (GPLNG) for the completion of Trains 2 and 3 of the Golden Pass LNG Project in Sabine Pass, Texas.

This contract amendment follows the amendment signed in November 2024 for the engineering, procurement and construction (EPC) of Train 1. In June 2025, McDermott, Chiyoda and Golden Pass LNG agreed on binding terms covering key aspects of the remaining scope of Trains 2 and 3. Under the amended agreement, McDermott will continue to act as the lead partner of the joint venture constructing the three approximately 6.0 million ton per annum (MTPA) LNG trains.

This amendment confirms the continued collaboration between the parties to deliver the project safely and efficiently.

"We remain committed to working closely with Golden Pass LNG and Chiyoda to complete this important energy infrastructure project," said Michael McKelvy, President and Chief Executive Officer of McDermott. "We look forward to continuing to apply our expertise, capabilities and best practices on Trains 2 and 3, and providing employment and development opportunities for the local community."

At peak, the project will employ approximately 9,000 people during the construction phase and over 300 people once operational.

About McDermott

McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott's innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 30 countries, McDermott's locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world.

About Chiyoda

Chiyoda Corporation (“Chiyoda”, TSE:6366 ISIN: JP3528600004) is a world-leading, fully integrated international engineering company, and EPC contractor. Since its founding in 1948, Chiyoda has provided engineering, procurement, construction, operation and maintenance services in a wide range of business fields including oil & gas, chemicals and petrochemicals in over 60 countries around the world.

About Golden Pass LNG

Golden Pass LNG, owned by affiliates of QatarEnergy (70%) and Exxon Mobil Corporation (30%), is constructing a project to add liquefaction and export capabilities to its existing liquefied natural gas terminal in Sabine Pass, Texas. Golden Pass LNG constructed and has operated the existing LNG import facility and distribution pipeline since 2005.