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Sunday, November 27, 2022

QatarEnergy to sell 70% of Natural Gas Produced at Golden Pass Texas Facility

Qatar’s state run energy company QatarEnergy will sell 70% of the liquefied natural gas (LNG) produced at the Golden Pass LNG facility in the US state of Texas, Russia’s Sputnik’s press service reported.

Subsidiaries of US oil company ExxonMobil and QatarEnergy have already signed a corresponding agreement, the authority said.

According to the company, Ocean LNG Limited, established in 2016 by ExxonMobil and QatarEnergy to produce and sell the entire volume of LNG produced at the Golden Pass LNG facility, has ceased operations under the new agreement.

QatarEnergy Trading will sell 70% of the LNG produced at the Texas plant, the company said.

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The Golden Pass LNG plant, currently under construction in Texas, is expected to be operational in 2024. The facility is expected to produce over 18 million tons of LNG per year.

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