ExxonMobil and #Qatar Petroleum greenlight $10bn LNG project | Financial Times

ExxonMobil and Qatar Petroleum greenlight $10bn LNG project | Financial Times:

ExxonMobil and Qatar Petroleum have given the go-ahead for a $10bn-plus project to export liquefied natural gas from the US, opening a new route for low-cost resources unlocked by the shale revolution to reach world markets.

The Golden Pass LNG project in Texas, a conversion of a site originally built as a gas import facility, is intended to come on stream in 2024, exporting 16m tonnes of LNG a year.

It is owned 70 per cent by Qatar Petroleum and 30 per cent by Exxon, extending a longstanding partnership between the two companies that includes co-operation on giant LNG export projects in Qatar.