Exxon Mobil Corp. made a final decision Tuesday with Qatar Petroleum to build a $10 billion liquefied natural gas (LNG) export project on Texas’s Gulf of Mexico coast.
Energy Secretary Rick Perry joined representatives of Exxon and Qatar Petroleum, the country’s state-owned oil company, to sign the deal Tuesday.
The project would greatly expand the existing Golden Pass LNG terminal which was opened in 2010 on the Sabine Pass to import gas. The expanded terminal would have the capacity to produce about 16 million tons of LNG per year, chilling gas to -260 degrees Fahrenheit to increase its density and load it onto tankers for shipping around the world.