Australian contractor Cimic, previously called Leighton Holdings, has pulled a newly acquired company out of finishing work on a power station for the Ichthys LNG export project under construction near Darwin in the Northern Territory and scheduled to come on stream in September 2017.
Australian energy and liquefied natural gas engineering group Cimic, better known by its former name of Leighton Holdings, is making a takeover bid for Sydney-based construction rival UGL worth A$524 million (US$400M) as the industry runs out of LNG projects.
Australian engineering company CIMIC Group said its disputed claim linked to cost over-runs on the construction of a 2.1-kilometres jetty at Chevron Corp.’s Gorgon LNG project on Barrow Island exceeds A$2 billion (US$1.44bln).