09 May 2013 23:27 [Source: ICIS news]
When completed, the $10bn (€7.6bn) export facility will be able to export 15.6m tonnes/year of LNG,
The construction phase would create about 45,000 direct and indirect jobs across the
No timetable for completion of construction or start-up of operations was given.
“This agreement sets out a highly competitive commercial blueprint for Golden Pass Products, with a commitment that builds on the unique combined strengths of QPI and ExxonMobil throughout the global downstream LNG value chain,” said Bill Collins, president of Golden Pass Products.
Exporting natural gas as LNG has been a hot topic of debate in the petrochemical sector, a business that relies on natural gas for about 85% of its feedstock requirements.
In December, the US Department of Energy (DOE) released a report that analyses the effects that LNG exports could have on the
Dow Chemical spoke out against the report, saying it failed to consider the importance of manufacturing to the
Since then, a coalition has been formed to campaign for the restriction of natural gas exports. The
Additional reporting by Tracy Dang and Al Greenwood
($1 = €0.76)
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