Qatar Petroleum GPP gets green signal for LNG export to NFTA countries

26/04/2017 07:38 AST

Qatar Petroleum announced yesterday that Golden Pass Products (GPP) has received authorization from the US Department of Energy to export LNG to Non-Free Trade Agreement countries.

Golden Pass Products, which is developing the LNG export project, is owned by affiliates of Qatar Petroleum and ExxonMobil, who are world leaders in the LNG business with Qatar Petroleum being the largest LNG exporter in the world. Saad Sherida Al Kaabi (pictured), QP President and CEO, said “This approval marks an important milestone for the project, in which both shareholders have invested significant efforts, and sets the stage to help meet the world’s growing need for clean energy.”

Al Kaabi added: “I would like to take this opportunity to thank the United States Department of Energy and all concerned authorities for their support."

"Today’s announcement paves the way for further progress in the Golden Pass export project towards a final investment decision in 2018, and I would like to take this opportunity to thank our partner ExxonMobil and the employees of Golden Pass for their efforts in this direction,” Al-Kaabi added.

The Golden Pass LNG Terminal is a liquefied natural gas receiving terminal and regasification facility located in Sabine Pass, Texas. The terminal is among the largest LNG facilities in the world, which can accommodate up to 15.6 million metric tons of LNG per year (approximately 2 billion cubic feet of natural gas per day).

The Golden Pass export project involves the construction of three LNG production trains with a total capacity of about 15 million metric tons of LNG per annum at a competitive cost, utilizing existing infrastructure (such as the LNG storage tanks) that are part of the receiving terminal facilities

The Peninsula