KBR Walks Away from Rapidly Weakening LNG Market

SUGAR LAND--June 25, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--One of the leading construction firms for liquefaction plants is walking away from the once-booming business. KBR Incorporated (NYSE:KBR) (Houston, Texas) announced this week that it will exit most of its energy projects--largely liquefied natural gas (LNG) construction--in favor of its government contract and technology businesses. Industrial Info is tracking more than $146 billion worth of projects with KBR currently on board as a contractor, including nearly $73 billion in LNG projects. Within this article: Details on some of the highest-valued energy projects currently involving KBR, including those from major companies such as ConocoPhillips (NYSE:COP), Pieridae Energy Limited, Cheniere Energy Incorporated (NYSE:LNG), Woodfibre Natural Gas Limited, Pacific Oil & Gas Limited and Methanex Corporation (NASDAQ:MEOH).