Multi-billion dollar investment expects to support about 9,000 construction jobs over the five-year construction period and more than 200 permanent jobs once the facility is operational. The Golden Pass Products export project at the Golden Pass LNG facility in Sabine Pass, Texas, is moving forward following a positive final investment decision from its owners, affiliates of Qatar Petroleum and ExxonMobil.
Golden Pass awarded the engineering, procurement and construction contracts for the project to a joint venture of Chiyoda International, McDermott International and Zachry Group. It also executed a 20-year firm transportation agreement with Enable Midstream Partners as well as pipeline capacity on NGPL.
The project will have a capacity of around 16 million tons of LNG per year. “Our team has worked diligently on the design, development and permitting for this world-class LNG export facility, and we are eager to begin construction to bring this exciting project to life,” said Sean Ryan, president of Golden Pass Products in a media release.
“We are extremely grateful to our employees, our community and all those who have supported us to help make this happen. This support has been absolutely critical in getting to this point, and we look forward to a long partnership going forward.” Construction on the project will begin in the first quarter of 2019 and will take about five years.
The facility is expected to be operational in 2024. “Texas is proud that Golden Pass has chosen to expand its operations in Sabine Pass," said Texas Governor Greg Abbott, commenting on the project. "This expansion represents not only an investment in creating jobs and growing our state’s economy, but also in expanding our nation’s international export reach and energy independence. I look forward to building upon our strong relationship with Golden Pass to keep Texas an energy leader at home and abroad.”
Golden Pass expects to support about 9,000 construction jobs over the five-year construction period and more than 200 permanent jobs once the facility is operational.
According to a preliminary independent study, the $10+ billion infrastructure investment is projected to generate up to $31 billion in economic gains and $4.6 billion in taxes at local, state and national levels. The project will include three liquefaction trains, each approximately 5.2 million tons per year, as well as other associated utility systems, interconnections to the existing facility and the expansion of the facility’s storm protection levee system.
It will utilize the existing infrastructure including five LNG storage tanks, two marine berths to accommodate the largest LNG carriers, and the existing 69-mile Golden Pass Pipeline system with access to US markets. Additionally, the project contemplates the addition of compressor stations to the existing pipeline to facilitate receipt and redelivery of 2.6 billion cubic feet per day of natural gas supply.
