Qatar Petroleum and ExxonMobil proceed with Golden Pass LNG export project

Qatar Petroleum and ExxonMobil proceed with Golden Pass LNG export project

Qatar Petroleum and ExxonMobil have agreed to proceed with a $10bn LNG export project at Golden Pass.

Located near the Sabine Pass terminal in Louisiana, Golden Pass will have a capacity of around 16 million tons of LNG per year. It will comprise of three liquefaction trains, gas treatment facilities, a self-generation power plant and includes the expansion of the current pipeline.

Golden Pass has awarded the engineering, procurement and construction contracts for the project to a consortium made up of Chiyoda International Corporation, McDermott International and Zachry Group. It also executed a 20-year firm transportation agreement with Enable Midstream Partners.

In 2017, US authorities approved for the Golden Pass terminal to be used to export LNG to nations that do not have a free trade agreement with the US.

Sean Ryan, president of Golden Pass Products, said: “Our team has worked diligently on the design, development and permitting for this world-class LNG export facility, and we are eager to begin construction to bring this exciting project to life.

“We are extremely grateful to our employees, our community and all those who have supported us to help make this happen. This support has been absolutely critical in getting to this point, and we look forward to a long partnership going forward.”

Qatar Petroleum holds a majority 70% stake in the project while Exxon holds 30%.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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