Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC

Exxon, Qatar to start construction on Texas Golden Pass LNG export plant

ExxonMobil Corp and Qatar Petroleum told the U.S. Federal Energy Regulatory Commission (FERC) they would start construction of the $10 billion-plus Golden Pass liquefied natural gas (LNG) export terminal in Texas on May 13.

Exxon and Qatar Petroleum made a final investment decision to build the project in February and expect the project to enter service in 2024.

Golden Pass LNG

Golden Pass is designed to produce around 16 million tonnes per annum (MTPA) of LNG, equivalent to about 2.1 billion cubic feet per day (bcfd) of natural gas.

One billion cubic feet is enough gas for about 5 million U.S. homes for a day.

Qatar Petroleum owns 70 percent of the project, while Exxon owns 30 percent.

Enable Midstream Partners LP has said it expects to complete the Gulf Run pipeline to transport gas to Golden Pass in late 2022.

Golden Pass selected McDermott International Inc, Chiyoda Corp and Zachry Group to build the project.

After exporting no LNG at the start of 2016, the United States is expected to become the third biggest LNG exporter in the world in 2019 behind Australia and Qatar.

The U.S. Energy Information Administration (EIA) projected U.S. LNG exports will rise to an average of 5.3 bcfd in 2019 and 7.4 bcfd in 2020 from 3.0 bcfd in 2018. LNG exports in 2018 were worth about $3.5 billion.

Looking at just the terminals under construction, total U.S. LNG export capacity is expected to increase to 7.4 bcfd by the end of 2019 and 10 bcfd by the end of 2020, up from 5.2 bcfd now.

Reporting by Scott DiSavino; editing by Jonathan Oatis

Copyright © 2019. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo


Editorial Comment
-Adrienne Blume
The $26-B small-scale LNG market is gaining exciting traction this year.
Regional Focus: Singapore moves closer to becoming a global LNG trading hub
-Eugene Gerden
Amid strong demand for LNG in the Asia-Pacific region and the need to secure regular gas supplies on a large scale, Singapore may become a major regional hub for LNG trade.
Show Preview
-Adrienne Blume
For the third time in its 47-yr history, Gastech is returning to Houston, Texas.

Reliable Operations & Saving OPEX for Gas Plant Refrigeration – Selecting the right technologies

Register Now

By selecting integrally geared turbocompressors for gas plant refrigeration duty coupled with a mag bearing turboexpander, operators get the added values of technology with highly reliable operations and reduced OPEX. Join Sami Tabaza and Chris Blackmer from Atlas Copco Gas and Process for a presentation followed by Q&A surrounding the turbocompressor and turboexpander technologies that can efficiently and reliably fit your gas plant design and operation to get the advantages of both technologies.

June 18, 2019 10:00 AM CDT

Register Now


Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2019 Gulf Publishing Holdings LLC.