LNG

Oct 15 (LNGJ) - KBR said a liquefied natural gas engineering joint venture in which the Houston-based firm had a 30 percent ownership interest, JKC Australia LNG, had signed a binding settlement agreement resolving outstanding disputes over the Ichthys LNG project near Darwin. KBR’s partners were Japan’s JGC Corp and Chiyoda Corp.

   “We are pleased to announce the resolution of disputes between JKC and its client,” said Stuart Bradie, KBR President and Chief Executive of the Ichthys LNG plant of Inpex Corp. of Japan and France’s TotalEnergies. However, KBR noted that this deal did not affect the continuing pursuit of JKC's claim against its sub-contractor associated with a combined cycle power plant project.