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Issue 5 2019 - 2 companies build LNG export terminals in the United States

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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Qatar Petroleum and ExxonMobil recently announced that they will jointly invest more than $10 billion to build an LNG export terminal
in the United States.
Qatar Petroleum holds about 70 percent of the shares, with ExxonMobil holding the remaining 30 percent
.
Construction of the export terminal in Texas will begin in the first quarter of this year and is expected to be operational in 2024, when annual exports will reach 16 million tons
.

ExxonMobil CEO Darren Woods said the export terminal is part of ExxonMobil's plan to invest $50 billion in the United States over the next five years, which will provide more long-term reliable natural gas to the global natural gas market, while also stimulating the local natural gas industry to accelerate development
.

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