Qatar Petroleum, ExxonMobil Make FID on Golden Pass LNG
ExxonMobil and Qatar Petroleum made a final investment decision to proceed with development of the Golden Pass LNG export project located in Sabine Pass, Texas. Construction will begin in the first quarter of 2019 and the facility is expected to start up in 2024.
The $10-plus-billion liquefaction project will have capacity to produce around 16 mtpa of LNG. It is expected to create about 9,000 jobs over the 5-year construction period and more than 200 permanent jobs during operations.
Golden Pass awarded the engineering, procurement, and construction contracts for the project to a joint venture of Chiyoda International Corp., McDermott International, and Zachry Group. It also executed a 20-year firm transportation agreement with Enable Midstream Partners. Golden Pass has also secured pipeline capacity on NGPL.
Baker Hughes, a GE company, announced yesterday it will supply turbomachinery equipment for three LNG trains, including six gas turbines and 12 centrifugal compressors. BHGE’s technology for three trains will consist of six MS7001 EA heavy-duty gas turbines driving 12 centrifugal compressors. The MS7001 EA is the most-utilized large industrial gas turbine available in the LNG market, with 77 units in operation in 13 countries, the company said in a statement.
Qatar Petroleum holds a 70% interest; ExxonMobil holds 30%.
China Planning Railway To Transport Vaca Muerta Production
PowerChina said railway plans are moving forward under Argentina’s current administration and China could provide the financing for the $1.2–1.5 billion project.
Lake Charles LNG Projects Needs Another 5 Years To Build
Global market conditions have impacted Magnolia LNG’s ability to reach FID. Kinder Morgan’s pipeline project also depends on an FID for the Magnolia LNG project.
Baker Hughes Aims To Balance Shifting Portfolio With Energy Transition
As the company aims to become carbon net zero by 2050, it is undertaking a three-pronged approach focused on transforming its core, investing for growth, and positioning for the future.
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