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ExxonMobil and Qatar Petroleum Greenlight $10B LNG Project in Texas

Financial Times, February 6, 2019

On Tuesday, ExxonMobil and Qatar Petroleum announced a final investment decision on a $10 billion project to expand liquefied natural gas (LNG) export capabilities from the Texas Gulf Coast. The Golden Pass LNG Project (70% owned by Qatar Petroleum and 30% owned by ExxonMobil) will be situated near Port Arthur, Texas and is expected to create about 9,000 jobs over its five-year construction period, and more than 200 when in operation. 

Darren Woods, Exxon’s chief executive, said in a statement that Golden Pass would “provide an increased, reliable, long-term supply of liquefied natural gas to global gas markets, stimulate local growth and create thousands of jobs.

Click here to read the full article from Financial Times.


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