Progress made on proposed $10bn Texas LNG export terminal

Energy giant Exxon Mobil Corp. (Exxon) has signed a commercial framework agreement with Qatar Petroleum International (QPI) for its proposed $10 billion liquefied natural gas (LNG) export terminal on the U.S. Gulf Coast in Texas.

The project will involve the conversion of an existing import facility in Sabine Pass, Texas with the addition of liquefaction equipment and could to export up to 15.6 million metric tonnes per year (mtpa).

Last year the companies' Golden Pass Products LLC (Golden Pass Products) joint venture received a permit to export LNG to free-trade agreement (FTA) nations.

"This agreement sets out a highly competitive commercial blueprint for Golden Pass Products," said Golden Pass President Bill Collins.

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