US Approves LNG Export Extension for Golden Pass
The U.S. Department of Energy has extended the permit for liquefied natural gas exports from the Golden Pass LNG project, a joint venture between QatarEnergy and ExxonMobil, allowing exports to commence by March 31, 2027. This $10 billion project, under construction in Texas, aims to begin producing LNG by late 2025 and will become the ninth-largest export terminal in the U.S. once operational, reflecting the growing demand for LNG in Asia and Europe amidst geopolitical shifts in energy supply.
- This extension highlights the U.S. government's strategic commitment to enhancing its role as a leading LNG exporter, particularly in response to evolving global energy needs and market dynamics.
- How will the expansion of U.S. LNG exports influence global energy prices and the geopolitical landscape in the coming years?