Qatar, Exxon Mobil to build $10bn LNG plant in Texas

6th February, 2019 11:30:15 printer

NEW YORK: Qatar Petroleum and Exxon Mobil announced Tuesday a final decision to build a natural gas export facility in Texas, giving the official green light to a long-discussed project.

The Golden Pass project in Sabine Pass, Texas, which will cost more than $10 billion, is scheduled to begin construction in the first quarter of 2019, with a start up date in 2024, the companies said, reports AFP.

The venture is the latest to underscore the shifting complexion of US energy in the wake of a shale boom that has prompted companies to pivot from building facilities to import liquefied natural gas (LNG) to exporting the fuel.