--Exxon Mobil Corp. (XOM) and Qatar Petroleum are planning a $10 billion expansion to the Golden Pass liquefied natural gas terminal in Texas, Reuters reports Friday, citing people familiar with the transaction.

--A third partner in the facility, CococoPhillips, is said to be planning to sell its stake before the expansion begins, the report said, adding Exxon Mobil is the most likely buyer.

--An announcement on the expansion plans is expected next week, the report said.

 

Full story: https://www.reuters.com/article/us-global-lng-golden-pass-exclusive/exclusive-qatar-exxon-to-proceed-with-10-billion-texas-lng-project-sources-idUSKCN1PQ4OZ

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

February 01, 2019 11:54 ET (16:54 GMT)

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