Exxon Mobil, Qatar Petroleum to Proceed with 10 Billion Dollar Golden Pass LNG Export Project

Exxon Mobil with partner Qatar Petroleum, has announced that they have made a final investment decision to proceed with the development of the Golden Pass LNG export project located in Sabine Pass, Texas, USA. The 10+ billion dollar liquefaction project will have the capacity to produce around 16 million tonnes of LNG per year.Construction will begin in the first quarter of 2019 and the facility is expected to start up in 2024.Exxon Mobil plans to invest more than 50 billion dollars over the next five years to build and expand manufacturing facilities in the U.S.