Exxon, QPI to proceed with $10B Texas gas-export terminal

05/9/2013 | Bloomberg

ExxonMobil and Qatar Petroleum International have forged a deal to proceed with the development of a Texas natural gas export terminal worth about $10 billion. Up to 17.2 million tons of liquefied natural gas would be exported from the Golden Pass hub annually, the companies said. "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 Exxon Mobil through the the global downstream LNG value chain," said Bill Collins, president of Golden Pass.

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