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ExxonMobil Affiliate Files for LNG Export Authority/Announces $10 Billion Export Project

Golden Pass Products LLC (GPP), an affiliate of Qatar Petroleum International and ExxonMobil, has filed an application with the U.S. Department of Energy (DOE) for authority to export up to 740 Bcf per year (approximately 15.6 million metric tons) of LNG
August 21, 2012

Golden Pass Products LLC (GPP), an affiliate of Qatar Petroleum International and ExxonMobil, has filed an application with the U.S. Department of Energy (DOE) for authority to export up to 740 Bcf per year (approximately 15.6 million metric tons) of LNG from the existing Golden Pass LNG import terminal operated by its affiliate in Sabine Pass, Texas. GPP requests authority to export LNG to nations that have a Free Trade Agreement (FTA) with the United States and requests such authorization for a 25-year term commencing on the earlier of the date of first export or 10 years from the date the requested authorization is issued. GPP states that it will file a separate application for authority to export LNG to non-FTA countries. GPP's application can be found on DOE’s website under Docket No. 12-88-LNG.

In a related development, GPP announced plans to invest $10 billion to create LNG export capabilities at the existing Golden Pass LNG import terminal.

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