Golden Pass to procure gas from US market; export-oriented LNG project to start production by end-2024: Al-Kaabi

Golden Pass is an export-oriented LNG project in the United States, which is expected to start production by end-2024, HE the Minister of State for Energy Affairs Saad bin Sherida al-Kaabi said Sunday.“Golden Pass will procure gas from the US market, liquefy and send it to the international markets,” HE al-Kaabi said in reply to a question by Gulf Times Sunday. QatarEnergy recently said the construction of Golden Pass, which has a total production capacity in excess of 18mn tonnes of LNG per year, is well underway with first LNG production expected by the end of 2024.The Golden Pass LNG Export Project is located in Sabine Pass, Texas.Affiliates of QatarEnergy and ExxonMobil recently agreed to independently offtake and market their respective proportionate equity shares of LNG produced by the Golden Pass LNG Project.Pursuant to the agreement, QatarEnergy Trading, a wholly owned subsidiary of QatarEnergy, will offtake, transport, and trade 70% of the LNG produced by Golden Pass LNG.As a result of this arrangement, Ocean LNG Limited, a joint venture established in 2016 between affiliates of QatarEnergy and ExxonMobil for offtaking and marketing the entire production of Golden Pass LNG, has ceased operations, and will be wound down.