Golden Pass is a partnership of leading energy companies with a successful record of producing, shipping and marketing natural gas globally. Golden Pass includes three specific businesses located in Texas – an existing LNG import facility (Golden Pass Terminal), an existing pipeline system (Golden Pass Pipeline) and Golden Pass Products, a proposed expansion of our current facilities that would allow Golden Pass to export LNG. The Golden Pass LNG import terminal and pipeline were completed and became operational in 2010.
Golden Pass LNG is proposing to add facilities to liquefy and export natural gas at its existing world-class LNG import terminal in Sabine Pass, Texas. The new company – Golden Pass Products – is a partnership between affiliates of Qatar Petroleum (70%) and ExxonMobil (30%).
The Golden Pass expansion project would utilize the existing state-of-the-art tanks, berths and pipeline infrastructure, and add new facilities for natural gas pre-treatment and liquefaction. The new project’s estimated send-out capacity would be approximately 15.6 million tons of liquefied natural gas per year. This expansion would allow Golden Pass the flexibility to import and export natural gas.
The project would be an approximately $10 billion investment on the Gulf Coast, generating billions of dollars of economic growth at local, state and national levels and millions of dollars in taxes to local, state and federal governments. According to a study performed by The Perryman Group, GPP’s investment could create approximately $31 billion in U.S. economic gains (gross product) and $4.6 billion in taxes for the U.S at local, state and national levels.
Project shareholders include affiliates of Qatar Petroleum (70%) and ExxonMobil (30%).
America’s natural gas resources are vast and have almost doubled due to advances in technology. The availability of abundant domestic natural gas resources has created a historic market opportunity for the U.S. to meet growing domestic demand and support LNG exports. The expansion project would allow Golden Pass the flexibility to import and export natural gas.
The expanded facility’s estimated send-out capacity would be approximately 15.6 million tons of LNG per year.
Yes, the facility is an expansion of the existing infrastructure. It would sit adjacent to, and be connected with, the existing terminal, and it would utilize the existing tanks, berths and pipeline infrastructure. The expansion project would leverage the existing industrial footprint, minimizing environmental and community effects.
Yes, the terminal will maintain the existing import infrastructure.
The proposed project requires numerous federal, state and local permits before construction and operation. Federal permits must be obtained from the Department of Energy and the Federal Energy Regulatory Commission. DOE permits are required for export shipments and under the Natural Gas Act. FERC has the final authority to approve the siting of facilities for import or export of natural gas.
Golden Pass has received approval from the DOE to export to nations that have Free Trade Agreements with the U.S.
A final investment decision will be made following government and regulatory approvals. If developed, construction is projected to take approximately five years to complete.
Golden Pass anticipates the project would create approximately 9,000 direct construction jobs over a five-year construction period, with peak construction employment reaching about 3,000 jobs. Additionally, according to a study by The Perryman Group, the project would create the equivalent of about 45,000 direct and indirect jobs across the country during the construction phase.
The project would be an approximately $10 billion investment in infrastructure on the Gulf Coast, which would generate billions of dollars of economic growth at local, state and national levels and millions of dollars in taxes to local, state and federal governments.
According to a study by The Perryman Group, Golden Pass’s investment could create approximately $31 billion in U.S. economic gains (gross product) at local, state and national levels over the life of the project. This project represents a significant opportunity for investment and economic output. The approximately $10 billion investment in infrastructure to build the facility could generate an estimated $20 billion in national gross product during the five-year construction phase, and an estimated $460 million in national gross product annually for the life of the facility (approximately 25 years).
The project would also generate tens of thousands of jobs for American workers across the country. Based on The Perryman Group study, during the approximate five-year construction phase, the proposed project would generate the equivalent of about 45,000 direct and indirect jobs in the U.S. across a spectrum of supporting industries, including manufacturing, transportation and utilities. This includes approximately 9,000 direct construction jobs, with peak construction employment reaching about 3,000 jobs. During the operations phase, the project would create around 3,800 direct and indirect permanent jobs nationwide, including more than 200 jobs at the facility itself. The Perryman Group study also indicates the GPP export project would generate significant tax revenues. Cumulative tax revenues for federal, state and local governments would total about $4.6 billion from the project and indirect sources. Estimated annual project tax revenues of $26 million were projected for the federal government and $18 million for the State of Texas during operations.
The natural gas would be expected to come from domestic sources.
Golden Pass has received approval from the U.S. Department of Energy to export LNG to countries with Free Trade Agreements (FTAs) with the United States. Golden Pass has also filed another application seeking the government’s permission to sell to non-FTA countries.
A free trade agreement is an agreement between countries that eliminates tariffs, import quotas and preferences on most goods traded between them. Trade Agreements reduce barriers to U.S. exports, protect U.S. interests and enhance the rule of law in the FTA partner country. The reduction of trade barriers and the creation of a more stable and transparent trading and investment environment make it easier and cheaper for U.S. companies to export their products and services to trading partner markets.
The U.S. has FTAs in force with Australia, Bahrain, Canada, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Jordan, Korea, Mexico, Morocco, Nicaragua, Oman, Panama, Peru, and Singapore. The United States is also in the process of negotiating a regional FTA, the Trans-Pacific Partnership, with Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam.
All countries other than those listed as FTA countries, with the exception of those under economic sanctions by the U.S. Department of Treasury’s Office of Foreign Assets Control, fall under the non-FTA.
Natural gas is converted to LNG by cooling it to -260° Fahrenheit, at which point it becomes a liquid. This process reduces the volume of natural gas by a factor of more than 600 times. This allows natural gas to be transported efficiently.
Yes. LNG is the same natural gas we use in our daily lives – only liquefied so it can be transported efficiently. It is an odorless, non-toxic and non-corrosive liquid, and if spilled, LNG would not result in a slick. Absent an ignition source, LNG evaporates quickly and disperses, leaving no residue.