Golden Pass LNG
Golden Pass LNG (Liquified Natural Gas) is a joint venture created in 2003 by Qatar Petroleum and ExxonMobil, who own 70% and 30% of the company respectively. The existing Golden Pass LNG terminal is a liquefied natural gas terminal and regasification facility in Sabine Pass, Texas. It is among the largest LNG facilities in the world and can accommodate up to 15.6 million metric tons of LNG per year. Golden Pass includes three specific businesses– an existing LNG import facility, an existing pipeline system and an expansion of their current facilities that will allow Golden Pass to export LNG.
The new facility is expected to be operational in 2024 and is the product of a partnership of Qatar Petroleum and ExxonMobil affiliates. The project’s estimated send out capacity will be around 16 million tons of LNG per year. The new facility will utilize the existing state-of-the-art tanks, berths and pipeline infrastructure. In addition, new facilities for natural gas pre-treatment and liquefaction will also be constructed. The project is an approximately $10 billion investment in infrastructure on the Gulf Coast, which will generate billions of dollars of economic growth and millions of dollars in annual taxes to local, state and federal governments. It will also generate thousands of jobs during the construction phase and more than 200 permanent jobs once operational.
Golden Pass LNG is part of the US-Qatar Business Council’s Board of Directors.