ExxonMobil and Qatar Petroleum have reached final investment decision (FID) on the development of the US$10bn Golden Pass project in Sabine Pass, Texas (United States). The LNG export project will consist of three liquefaction trains rated 5.2 Mt/year each (15.6 Mt/year). Construction will start in the first quarter of 2019 and commissioning is expected for 2024.
The project is part of ExxonMobil's plans to invest US$50bn by 2024 to expand manufacturing facilities in the US. Recently the company reached a final investment decision (FID) for the construction of a new unit at the Beaumont refinery in Texas (United States). The new unit will increase its crude refining capacity by more than 65%, adding 250,000 bbl/d to the existing capacity of 366,000 bbl/d. The project will be fed with light crude oil production from the Permian Basin in Western Texas and New Mexico, which is set to growth in the next decade. The commissioning of the new unit is anticipated by 2022.