QatarEnergy and Exxon Mobil Corp. (NYSE:XOM) loaded the first liquefied natural gas (LNG) export cargo from the Golden Pass terminal in Sabine Pass, Texas, on Thursday, marking a key commissioning milestone for the $10 billion-plus joint venture amid escalating Middle East tensions.
QatarEnergy, Qatar’s state-owned national petroleum company, manages all oil and gas activities in the country — including exploration, production, refining, and marketing of crude oil, natural gas, LNG and petrochemicals.
Golden Pass Hits Key Milestone
According to QatarEnergy, the cargo was loaded onto its LNG carrier Al-Qaiyyah, a 174,000-cubic-meter vessel built in South Korea. The terminal achieved its first LNG production from Train 1 on Mar. 30, out of a planned three liquefaction trains.
QatarEnergy holds a 70% controlling stake in the venture, while ExxonMobil owns the remaining 30%. Together, the partners committed …
This post was originally published here
