The ceremony was also attended by the Chairman and CEO of Exxon Mobil Corporation, Mr. Darren Woods and other senior executives from Qatar Petroleum, ExxonMobil and Golden Pass LNG. > GIIGNL in the press. Exxon Mobil currently holds a 17.4% stake in the project and Qatar Petroleum holds a 70% majority stake. on ExxonMobil and Qatar Petroleum Make FID for Golden Pass LNG Export Project. ExxonMobil and partner Qatar Petroleum said today they have made a final investment decision (“FID”) to proceed with development of the proposed Golden Pass LNG export project located in Sabine Pass, Texas. Golden Pass LNG export project to break ground soon With the FID taken on the LNG export project, the partners are looking to begin its […] “This agreement sets out a highly competitive commercial blueprint for Golden Pass Products, with a commitment that builds on the unique combined strengths of QPI and Exxon Mobil … Units of … Image courtesy of Golden Pass Products LLC. Golden Pass LNG Terminal LLC, a liquefied natural gas export project on the Texas coast sponsored by ExxonMobil Corp. and state-owned Qatar Petroleum (QP), … The FID decision was made here a year ago, with exports expected to commence in 2024. ExxonMobil and partner Qatar Petroleum said today they have made a final investment decision (“FID”) to proceed with development of the proposed Golden Pass LNG export project located in Sabine Pass, Texas. The Golden Pass LNG export facility will have a liquefaction capacity of about 16 MTPA and the project’s EPC contract was awarded to a consortium comprising Chiyoda, McDermott and Zachry. Qatar Petroleum and ExxonMobil have taken the FID for developing the Golden Pass LNG export project, located in Sabine Pass, Texas. The project is lead by Golden Pass Products a joint venture between Qatar Petroleum (70 percent) and ExxonMobil (30 percent). High industry standards of operation and maintenance – as well as government regulations – are continuously met. The Federal Energy Regulatory Commission has authorized Golden Pass LNG, a joint venture of Qatar Petroleum and ExxonMobil, to... Read more. A deal signed in May 2013 between Exxon Mobil Corp. and Qatar Petroleum International adds a liquefied natural gas export terminal to the existing Golden Pass … ExxonMobil and Qatar Petroleum have reached final investment decision (FID) on the development of the US$10bn Golden Pass project in Sabine Pass, Texas (United States). It is expected to create about 9,000 jobs over the five-year construction period and more than 200 permanent jobs during operations. Source: Golden Pass LNG Exxon Mobil and Qatar Petroleum on Tuesday announced a final … The project’s engineering, procurement and construction (EPC) contract was awarded to a consortium comprising Chiyoda, McDermott and Zachry and was executed at the FID ceremony, the statement reads. ConocoPhillips’ stake sale led to delays in sanctioning the project. The project is owned by Golden Pass Products, a joint venture between affiliates of Qatar Petroleum (70%) and ExxonMobil (30%). IRVING, Texas--(BUSINESS WIRE)--ExxonMobil and partner Qatar Petroleum said today they have made a final investment decision to proceed with development of the Golden Pass … Exxon Mobil and Qatar Petroleum announced their final investment decision … The project’s engineering, procurement and construction (EPC) contract was awarded to a consortium comprising Chiyoda, McDermott and Zachry and was executed at the FID ceremony, the statement reads. Greece’s DESFA takes FID to build Revithoussa small-scale LNG jetty. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client.ATTORNEY ADVERTISING - Prior results do not guarantee a similar outcome.Unless otherwise indicated, attorneys at Eversheds Sutherland (US) LLP are not certified by the Texas Board of Legal Specialization. Construction will begin in the first quarter of 2019 and the facility is expected to start up in 2024. Qatar Petroleum and its partner ExxonMobil have taken a final investment decision (FID) to move forward with the $10+ billion Golden Pass LNG export project in Sabine Pass in Texas. Preliminary estimates by an independent study indicate the project could generate up to $31 billion in U.S. economic gains and more than $4.6 billion in direct federal, state and local tax revenues over the life of the project.”. ExxonMobil and Qatar Petroleum Make FID for Golden Pass LNG Export Project, Panel: Early Investors Have Advantage as LNG Construction Costs Soar, FERC Issues Data Requests Regarding Crown Landing Vapor Dispersion Zones, Freeport LNG Gives Town Its First High-Speed Internet Line. Image courtesy of Golden Pass Products LLC. > News But Reuters reported on February 1 that Qatar Petroleum and Exxon Mobil were expected to announce plans this week to proceed with a $10 billion project expanding the Golden Pass export facility in Texas. Golden Pass Products has received all U.S. federal authorizations, and the joint venture is preparing for a final investment decision on the project. ... JEFFERSON COUNTY, Texas — Exxon Mobil is making a big bet on the future of exporting natural gas. To Golden Pass LNG, safety is a core value that is reflected in all our activities. Construction will begin in the first quarter of 2019 and the facility is expected to start up in 2024. ExxonMobil and Qatar Petroleum’s announcement that they will proceed with development of the Golden Pass liquefied natural gas (LNG) export project at Sabine Pass, Texas, kicks off what could be a record year for LNG final investment decisions (FIDs). ExxonMobil and partner Qatar Petroleum said today they have made a final investment decision (“FID”) to proceed with development of the proposed Golden Pass LNG export project located in Sabine Pass, Texas. The import LNG terminal is operated by Golden Pass LNG, a joint venture of Qatar Petroleum and Exxon Mobil. According to the press release, the “$10+ billion liquefaction project will have capacity to produce around 16 million tons of LNG per year. Golden Pass has achieved eight years without a single Occupational Safety & Health Administration (OSHA) recordable incident. Golden Pass Products is a joint venture between affiliates of Qatar Petroleum and ExxonMobil, and would have an estimated export capacity of 15.6 million tons of LNG per year. Enter your GIIGNL The International Group of Liquefied Natural Gas Importers username. Service Sector: Joint venture lands 'mega contract' to build Golden Pass LNG. Contracts and Tenders December 16, 2020. Enter the password that accompanies your username. Golden Pass Products, the holding company of the LNG export project, has awarded a contract worth more than $1bn to a consortium of McDermott International, Chiyoda International and Zachry Group. Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed, affiliated and member firms (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. > LNG Industry events Darren Woods, Chairman and CEO of Exxon Mobil Corporation (standing, left), H.E. Qatar Petroleum and ExxonMobil have taken the FID for developing the Golden Pass LNG export project, located in Sabine Pass, Texas. Construction will begin in the first quarter of 2019 and the facility is expected to start up in 2024. E xxon Mobil Corp’s final investment decision (FID) on a blockbuster $30 billion gas project in Mozambique’s extreme north should “in principle” come in 2021, the chairman of its National Petroleum Institute (INP) said on Wednesday.. Construction will begin in the first quarter of … Golden Pass LNG terminal is located on 900ac on the Sabine-Neches ship channel, across from Pleasure Island in Texas. > GIIGNL Events The Golden Pass LNG import project began in November 2003. ExxonMobil and Qatar Petroleum made a final investment decision to proceed with development of the Golden Pass LNG export project located in Sabine Pass, Texas. Golden Pass is part of ExxonMobil’s strategy to build and expand manufacturing facilities in the US with a projected investment of more … This website uses cookies to improve functionality and performance. Golden Pass Products has received all U.S. federal authorizations, and the joint venture is preparing for a final investment decision on the project. ExxonMobil and Qatar Petroleum have reached an agreement and will proceed with the development of the Golden Pass liquefied natural gas (LNG) export project in Sabine Pass, Texas. The Golden Pass LNG Terminal in Sabine Pass, Texas. Exxon, Qatar Petroleum to expand Golden Pass LNG export plant in Sabine Pass. Golden Pass received its first LNG cargo in October 2010 on the Al Khuwair Q-Flex ship. Qatar Petroleum will hold a working interest of 70% in the Golden Pass LNG export project, with ExxonMobil owning the remaining 30% stake. Construction of the Golden Pass Pipeline was completed in 2009, followed by the completion of the terminal construction in 2010. Golden Pass Products is a joint venture between affiliates of Qatar Petroleum and ExxonMobil, and would have an estimated export capacity of 15.6 million tons of LNG per year. Work is currently underway to add liquefaction and export capabilities to Golden Pass, an existing liquefied natural gas (LNG) import terminal near Sabine Pass, Texas.Developed in partnership by ExxonMobil and Qatar Petroleum, this is part of ExxonMobil’s five-year plan to invest $50 billion in the expansion of its U.S. operations. If you choose to continue browsing this website, you are giving implied consent to the use of cookies. Qatar Petroleum and Exxon are also engaged in joint exploration and development activities in Argentina, Brazil, and Mozambique. No other details were immediately available. The project is owned by Golden Pass Products, a joint venture between affiliates of Qatar Petroleum (70%) and ExxonMobil (30%). “Golden Pass will provide an increased, reliable, long-term supply of liquefied natural gas to global gas markets, stimulate local growth and create thousands of jobs,” said Darren Woods, chairman and chief executive officer of Exxon Mobil Corporation (NYSE:XOM). GIIGNL The International Group of Liquefied Natural Gas Importers, Qatar Petroleum and ExxonMobil take FID for Golden Pass LNG. Exxon Mobil Corp. and Qatar Petroleum are officially moving forward with the $10 billion Golden Pass LNG export terminal in Texas, the latest in a series of massive projects designed to send U.S. shale supplies to growing markets across the globe. The project is lead by Golden Pass Products a joint venture between Qatar Petroleum (70 percent) and ExxonMobil (30 percent). On April 6th, the NYT ran an exclusive quoting Saad al-Kaabi (former QP CEO & current Qatar Energy Minister) as saying Golden Pass (GPX) was proceeding and on schedule. Air Products was selected to provide the liquefaction technology. Golden Pass is owned by units of U.S. oil major Exxon Mobil Corp (30%) and Qatar Petroleum [QATPE.UL] (70%), the world’s biggest LNG exporter. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the member firms or their controlled, managed or affiliated entities are in a partnership or are part of a global LLP. Construction will start in the first quarter of 2019 and commissioning is expected for 2024. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The LNG export project will consist of three liquefaction trains rated 5.2 Mt/year each (15.6 Mt/year).
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