Texas gas

Golden Pass LNG Terminal, an Exxon Mobil affiliate, plans to develop a $600 million Liquefied Natural Gas (LNG) receiving terminal near Sabine Pass, TX.

The proposed terminal, to be located in Jefferson County, TX, about 10 miles south of Port Arthur, which will process imported LNG for distribution throughout Texas and the US, should take about three years to build and involve employment for some 600 workers during peak construction.

The facility is expected to be operational in the 2008/09 timeframe, with an initial processing capacity of 1 billion cubic feet per day (bcfd) of LNG. The plant will be designed for an expansion to 2 bcfd throughput in the future.

In October, Exxon Mobil and Qatar Petroleum agreed on the supply of 15.6 million tons a year of LNG (2 bcfd) from Qatar to the US for an expected period of 25 years.

ExxonMobil holds purchase options for potential LNG import sites in Corpus Christi, TX, and Mobile Bay, AL. The company is also evaluating possible sites for an offshore terminal in the Gulf of Mexico.