FID on Golden Pass LNG surprises analysts

Monday, 04 March 2019

Though no firm offtake agreement is in place, Qatar Petroleum and ExxonMobil have taken FID on their 15.2 mtpa Golden Pass LNG venture and announced they will jointly invest over $10 billion in the project. Some analysts were surprised by the timing of the financial close, but it is understood the two sponsors wanted to move quickly to gain an edge on rival projects such as Venture Global’s 10.8 mtpa Calcasieu Pass LNG and Tellurian’s 11 mtpa Driftwood LNG project, both expected to reach financial close in H1-2019. 


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