Exxon Mobil, Qatar Petroleum to Go Forward With Golden Pass LNG Terminal -- Update
05 Febrero 2019 - 06:21PM
Noticias Dow Jones
(Adds details)
By Stephen Nakrosis
Exxon Mobil Corp. (XOM) and Qatar Petroleum on Tuesday announced
the companies will proceed with developing the Golden Pass LNG
export facility in Sabine Pass, Texas.
Construction on the $10 billion project is slated to begin in
the first quarter and expected to be completed in 2024, the
companies said.
Once completed, the facility will be able to produce around 16
million tons of liquefied natural gas a year.
The companies said construction will create about 9,000 jobs,
and more than 200 permanent jobs will be created to operate the
facility.
Qatar Petroleum will own 70% of the Golden Pass project, with
Exxon Mobil holding the other 30%.
A joint venture including McDermott International Inc. (MDR),
Chiyoda International Corp. and Zachry Group will provide
engineering, procurement, construction and commissioning services
for the project, starting this quarter. The JV didn't disclose the
exact value but said it is a "mega" contract, defined as above $1
billion.
Enable Midstream Partners, LP (ENBL) said an affiliate of Golden
Pass is the cornerstone shipper for that company's Gulf Run
Pipeline project. As proposed, the Gulf Run Pipeline will extend
from northern Louisiana to the Gulf Coast.
-- Josh Beckerman contributed to this article.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
February 05, 2019 19:06 ET (00:06 GMT)
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