Qatar Petroleum, ExxonMobil To Invest $10Bln In Texas LNG Project

Qatar Petroleum and ExxonMobil will invest a total of $10 billion into the Golden Pass LNG Terminal in the state of Texas, the US Department of Energy said in a press release on Tuesday.

“Today, US Secretary of Energy Rick Perry, Qatar’s Minister of State for Energy Affairs, CEO and President of Qatar Petroleum, H.

E. Saad Al-Kaabi, and ExxonMobil Chairman and CEO Darren Woods announced that approximately $10 billion will be invested in the Golden Pass LNG terminal near Sabine Pass, Texas,” the release said.

Qatar Petroleum will invest more than $8 billion and ExxonMobil over $2 billion in the project, the release said.

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