Qatar Petroleum announced that Golden Pass Products (GPP) has received authorization from the US Department of Energy to export LNG to Non-Free Trade Agreement countries.
Golden Pass Products, which is developing the LNG export project, is owned by affiliates of Qatar Petroleum and ExxonMobil, who are world leaders in the LNG business with Qatar Petroleum being the largest LNG exporter in the world.
Mr. Saad Sherida Al-Kaabi, QP President and CEO, said “This approval marks an important milestone for the project, in which both shareholders have invested significant efforts, and sets the stage to help meet the world’s growing need for clean energy.”
Mr. Al-Kaabi added: “I would like to take this opportunity to thank the United States Department of Energy and all concerned authorities for their support."
"Today’s announcement paves the way for further progress in the Golden Pass export project towards a final investment decision in 2018, and I would like to take this opportunity to thank our partner ExxonMobil and the employees of Golden Pass for their efforts in this direction,” Mr. Al-Kaabi concluded.
The Golden Pass LNG Terminal is a liquefied natural gas receiving terminal and regasification facility located in Sabine Pass, Texas. The terminal is among the largest LNG facilities in the world, which can accommodate up to 15.6 million metric tons of LNG per year (approximately 2 billion cubic feet of natural gas per day).
The Golden Pass export project involves the construction of three LNG production trains with a total capacity of about 15 million metric tons of LNG per annum at a competitive cost, utilizing existing infrastructure (such as the LNG storage tanks) that are part of the receiving terminal facilities.
About Qatar Petroleum
Qatar Petroleum (QP) is a state-owned corporation established by Decree Law No. 10 in 1974. It is responsible for all phases of the oil and gas industry in the State of Qatar.
The principal activities of QP, its subsidiaries and joint ventures are the exploration, production, local and international sale of crude oil, natural gas and gas liquids, liquefied natural gas, refined products, synthetic fuels, petrochemicals, fuel additives, fertilizers, steel and aluminium.
The operations and activities of QP and its affiliates are conducted at various onshore locations, including Doha, Dukhan and the Mesaieed and Ras Laffan Industrial Cities, as well as offshore areas, including Halul Island, offshore production stations, drilling platforms and the North Field.
About Golden Pass Products
Golden Pass Products LLC is affiliated with Golden Pass LNG Terminal LLC and Golden Pass Pipeline LLC, which since 2005 have constructed and operated the LNG import facility and distribution pipeline in Sabine Pass, Texas. Houston-headquartered Golden Pass Products LLC was formed by affiliates of Qatar Petroleum International and Exxon Mobil Corporation.
About Golden Pass LNG
Golden Pass is proposing to add export capabilities to its existing world-class LNG import terminal in Sabine Pass, Texas. This expansion would allow Golden Pass the flexibility to import and export natural gas in response to market conditions.
The expansion project, Golden Pass Products, is a partnership of Qatar Petroleum International and ExxonMobil affiliates, two leading energy companies with an unrivaled record of producing, shipping and marketing natural gas globally.
The new project’s estimated send out capacity would be 15.6 million tons of LNG per year. The new facility would be built on existing Golden Pass property and utilize the existing state-of-the-art tanks, berths and pipeline infrastructure. New facilities for natural gas pre-treatment and liquefaction would be constructed.