The U.S. Department of Energy said on Wednesday that it has extended a permit for exports of liquefied natural gas from a Golden Pass LNG LLC project jointly owned by QatarEnergy and ExxonMobil being built in Texas.
The approval will grant additional time to begin LNG exports to large markets in Asia and Europe from the $10 billion project under construction in Sabine Pass, Texas. It extends the time the exports are allowed to begin from Sept. 30 this year until March 31, 2027.
The project aims to begin producing LNG in late 2025 and export the super-cooled form of natural gas after that. Once up, it will become the ninth-largest export terminal in the United States, the DOE said. QatarEnergy owns 70% of the joint venture and ExxonMobil the remainder.
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