Australia’s CIMIC to pay about $365 million to settle Ichthys LNG dispute

Australian contractor CIMIC said it has agreed to pay A$492.5 million ($365 million) to settle a dispute with JKC Australia over construction work at the Inpex-operated Ichthys LNG export project near Darwin. UGL, bought by CIMIC in 2016, together with its consortium partners CH2M Hill Australia and General Electric won a deal back in 2012 … Continue reading Australia’s CIMIC to pay about $365 million to settle Ichthys LNG dispute