ExxonMobil & Qatar Petroleum Move Forward with USD 10 Bn Golden Pass LNG Project

Oil and gas major ExxonMobil and partner Qatar Petroleum have made a final investment decision to proceed with development of the Golden Pass LNG export project located in Sabine Pass, Texas.

The companies said that the construction would begin in the first quarter of 2019 and that the facility was expected to start up in 2024.

The USD 10+ billion liquefaction project will have capacity to produce around 16 million tons of LNG per year.

Qatar Petroleum and ExxonMobil take “Final Investment Decision” to build a mega LNG export project in the USA#QP #QatarPetroleum #Qatar #USA #LNG #FIDhttps://t.co/488qgZQQ4B pic.twitter.com/KetkaD4sIk

— Qatar Petroleum (@qatarpetroleum) February 5, 2019

Golden Pass awarded the engineering, procurement and construction contracts for the project to a joint venture of Chiyoda International Corporation, McDermott International Inc. and Zachry Group.

The project will include three liquefaction trains, each approximately 5.2 million tons per year, as well as other associated utility systems, interconnections to the existing facility and the expansion of the facility’s storm protection levee system.

It will utilize the existing infrastructure including five 155,000 m³ LNG storage tanks, two marine berths to accommodate the largest LNG carriers, and the existing 69-mile Golden Pass Pipeline system with access to U.S. markets.

Golden Pass is part of ExxonMobil’s plans to invest over USD 50 billion over the next five years to build and expand manufacturing facilities in the U.S.

Working interests in the Golden Pass LNG export project are 70 percent Qatar Petroleum and 30 percent ExxonMobil.