Qatar, Exxon Mobil Agree to Sanction Golden Pass Expansion
Qatar Petroleum and Exxon Mobil Corp. will soon announce plans to proceed with a $10-billion project to expand the Golden Pass LNG terminal in Texas, according to a Reuters report released 1 February. The report cited three people familiar with the transaction.
ConocoPhillips, the third partner in the terminal, will sell its 12.4% stake in the project and has no plans to participate in the expansion. Exxon Mobil is the most likely buyer for that stake; sources told Reuters that the plans for the project are in advanced stages and the existing partners do not want to bring in another company. Exxon Mobil currently holds a 17.4% stake in the project and Qatar Petroleum holds a 70% majority stake. ConocoPhillips’ stake sale led to delays in sanctioning the project.
Located on the Sabine-Neches Waterway, Golden Pass is a receiving and regasification facility that can handle as much as 2 Bcf/D of natural gas imports to North American markets. Its main components include dock and unloading facilities for double-hulled LNG ships; five full-containment LNG storage tanks; vaporization equipment to warm LNG to its natural-gas state; and a 69-mile pipeline system with nine interconnects to intrastate and interstate pipelines.
The expansion project would add liquefaction and export capabilities to the existing facility in Sabine Pass, which would allow Golden Pass the flexibility to import and export natural gas in response to market conditions.
Exxon Mobil and ConocoPhillips declined to comment for the report.
First Deck Stacking Operation Completed for Coral FLNG Topsides Modules
The Eni-operated project will be the first FLNG vessel deployed in a deepwater field offshore the African continent upon its projected 2022 startup. Samsung Heavy Industries completed the operation at its shipyard in Geoje, South Korea.
Shell, Energy Transfer Issue Tender Package for Lake Charles Project
The tender invites EPC contractors to develop a commercial bid for the lump-sum turnkey contract based on a fully developed scope related to design, engineering, technical, and safety specifications for the project. Commerical bids are expected next year.
BP, Total Sign Supply Deals With ADNOC LNG
ADNOC said the agreements will maximize its access to new markets, effectively booking out the majority of its LNG production through the start of 2022.
Don't miss out on the latest technology delivered to your email every two weeks. Sign up for the OGF newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
04 December 2019
04 December 2019
06 December 2019
03 December 2019