QP and Exxon to invest $10bn in US LNG export facility


Qatar Petroleum (QP) and ExxonMobil have agreed to invest around $10bn to build a liquefied natural gas (LNG) export facility in Texas, where an affiliated import facility has been sitting idle, and plan to send up to 15.6m tons of LNG to Britain.In a statement on 9 May, Golden Pass Products LLC – which is headquartered in Houston and was formed by affiliates of QP and Exxon – said the two companies had signed a commercial framework agreement for the proposed liquefaction projects at the Golden Pass LNG terminal in Sabine Pass, Texas.