May 16, 2013
May 16, 2013 – HOUSTON, Texas – Golden Pass Products LLC (GPP) announced today it has submitted a formal request to the Federal Energy Regulatory Commission (FERC) to initiate pre-filing for the proposed liquefaction project at the world-class Golden Pass LNG terminal facility in Sabine Pass, Texas.
This milestone sets the stage for the necessary permitting activity associated with the design, environment, and construction of the proposed project.
“This is an important new phase for Golden Pass Products and we are looking forward to working with FERC and other key agencies while leveraging the extensive project management strengths of our sponsors Qatar Petroleum International and ExxonMobil,” said Eric Pletcher, president of Golden Pass Products. “We are also pleased to be working once again with the Southeast Texas community to fully realize this new opportunity.”
If developed, the project would represent an investment of approximately $10 billion, and is expected to create about 45,000 direct and indirect jobs in the U.S. during the construction phase. A final investment decision will be made following government and regulatory approvals.
Golden Pass Products’ shareholders and their joint ventures are world leaders in the LNG business with operational LNG expertise, financial capabilities, access to shipping fleets, large-scale regasification facilities and a diverse global customer portfolio.
Earlier this month, Golden Pass Products announced the signing of a Commercial Framework Agreement to sell up to the full 15.6 million metric tons annual output, and provide shipping and sales opportunities to existing and new markets, including leveraging the sponsors’ long-term arrangements for international imports via the United Kingdom’s South Hook facility.
Golden Pass Products has received U.S. Department of Energy (DOE) authorization for exports to Free-Trade Agreement (FTA) countries, and is awaiting DOE approval to export to non-FTA nations.
Golden Pass Products LLC is affiliated with Golden Pass LNG Terminal LLC and Golden Pass Pipeline LLC, which since 2005 have constructed and operated the LNG import facility and distribution pipeline in Sabine Pass, Texas. Houston-headquartered Golden Pass Products LLC was formed by affiliates of Qatar Petroleum and Exxon Mobil Corporation. Golden Pass Products is an Equal Opportunity Employer. For more information, visit: www.goldenpassproducts.com.