Qatar Petroleum-Exxon Venture Requests Permit to Export US Natural Gas

HOUSTON—Golden Pass Products LLC, a joint venture between Exxon Mobil Corp. and Qatar Petroleum, is asking federal authorities for permission to export large quantities of liquefied natural gas made in the U.S. from an existing terminal near the Texas-Louisiana border, an executive said Friday.

If permission is granted, Exxon, the biggest natural-gas producer in the country, and its partner would spend $10 billion converting a recently finished terminal built near Port Arthur, Texas, to import natural gas into a facility capable of exporting 15.6 million tons of LNG per year, or approximately two billion cubic feet per day. The U.S. …

Article source: http://online.wsj.com/article/SB10000872396390444375104577595760678718068.html?mod=googlenews_wsj

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Posted by on Aug 18 2012. Filed under Companies. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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