It was built as one of the world’s largest LNG terminals with regasification capacity of two billion cubic feet per day. But helium is much more than a party starter. The final investment decision paves the way for the construction of the project with a capacity of around 16 million tonnes per annum (MTPA) of LNG. A natural gas-powered train or bus or truck? Risk management Golden Pass LNG Terminal LLC, a liquefied natural gas export project on the Texas coast sponsored by ExxonMobil Corp. and state-owned Qatar … University and National Labs partnerships, Innovating Energy Solutions: R&D Highlights, $10+ billion investment will create thousands of jobs, provide reliable LNG supply to global markets, Project to have a capacity of around 16 million tons per year of liquefied natural gas (LNG). They all exist. Golden Pass is a partnership of leading energy companies with a successful record of producing, shipping and marketing natural gas globally. © Copyright 2003-2021 Exxon Mobil Corporation. This includes the Growing the Gulf initiative, which will create about 45,000 jobs in America. The Golden Pass Products LLC export project at the existing Golden Pass LNG facility in Sabine Pass, Texas, is moving forward following a positive final investment decision from its owners, affiliates of Qatar Petroleum and ExxonMobil. Federal regulators have given Exxon Mobil a five-year extension to complete and bring its Golden Pass LNG export terminal near Port Arthur into service. Zulema Elchehabi. Today, natural gas impacts lives at an unprecedented scale, generating clean and reliable electricity. Contact: ExxonMobil Media Relations, +1 972-940-6007. Ocean LNG was established by affiliates of Qatar Petroleum and ExxonMobil in 2016 as a marketing entity for their jointly developed international LNG resources. ExxonMobil and Qatar Petroleum have reached an agreement and will proceed with the development of the Golden Pass liquefied natural gas (LNG) export project in Sabine Pass, Texas. Sept. 12, 2018, Risk management The two companies aim to expand the existing LNG import project in which ConocoPhillips also owns a stake. The project would also generate tens of thousands of jobs across the life of the facility, including approximately 9,000 construction jobs over five years with peak employment reaching about 3,000 jobs. Natural gas has become the No. ExxonMobil has a proven record of successfully meeting society's evolving demand for energy. In addition, Golden Pass funded a new, $1.5 million community center for local residents in Sabine Pass, Texas. Actual future results, including project plans, timing, costs, capacities and economic impacts could differ materially due to changes in market conditions affecting the oil and gas industries or long-term price levels for oil and gas; political and regulatory developments including changes in environmental laws and regulations and obtaining necessary permits and approvals; the ability to implement operating and management plans as intended including timely completion of construction projects; the actions of competitors; the occurrence and duration of economic recessions; the outcome of commercial negotiations; and other factors discussed in this release and under the heading “Factors Affecting Future Results” on the Investors page of ExxonMobil’s website at www.exxonmobil.com. Qatar Petroleum and its partner ExxonMobil have taken a final investment decision (FID) to move forward with the $10+ billion Golden Pass LNG export project in Sabine Pass in Texas. In addition, the FERC permitting process, which includes coordination with the U.S. Coast Guard, requires rigorous safety assessments of LNG terminals and ships. The Golden Pass LNG liquefied natural gas terminal in Sabine Pass, Texas is a joint venture between affiliates of Qatar Petroleum and ExxonMobil. The $10+ billion liquefaction project will have capacity to produce around 16 million tons of LNG per year. Stay up to date with the latest from ExxonMobil. The Company is managed and operates from the State of Qatar. Energy and opportunity in Papua New Guinea. Cautionary Statement: Statements of future events or conditions in this release are forward-looking statements. •