megawatt View Subscription Options Golden Pass plans to have the first of three trains operational in 2024. “Due to delays in obtaining the necessary authorizations both from the Commission” and the Department of Energy (DOE), “and the resulting uncertainty, substantial additional time was required to finalize the necessary arrangements,” Sweeney wrote. Golden Pass Products LLC, FE Docket No. Get access to 100,000+ more news articles & industry data. power Infrastructure Golden Pass LNG Terminal LLC, a liquefied natural gas export project on the Texas coast sponsored by ExxonMobil Corp. and state-owned Qatar Petroleum (QP), is asking FERC for more time to place its facilities into service, citing permitting delays. Qatar’s Looming Decisions in LNG Expansion. Subscribe to unlock more news, insight, & data. 3. Management expects the terminal, underway in Sabine Pass on the upper Texas coast, to be second only to neighboring facility Cheniere Energy Inc. in gas buying when operations ramp up. Working interests in the Golden Pass LNG export project are 70 percent Qatar Petroleum and 30 percent ExxonMobil. 3752 South Gulfway Dr. Sabine Pass, TX 77655. NYMEX | Golden Pass Products LLC1 (Golden Pass Products or GPP) is actively engaged in designing and permitting a natural gas liquefaction facility in Sabine Pass… natural gas prices nymex settlement High industry standards of operation and maintenance – as well as government regulations – are continuously met. Experts have nonetheless pointed to a heightened risk of delays for LNG projects since the onset of the pandemic. ngi TX0086231. | EPA's ... Golden Pass LNG Terminal, LLC - NPDES Draft Permit No. The exemption is only applicable if the intended commercial agreements, or agreements Ofgem deems equivalent, are executed, and if the Golden Pass terminal is licensed to export LNG to the SHT. Company CEO Saad Al-Kaabi told Reuters the company will not downsize the North Field LNG expansion project (NFEP) offshore the Qatar peninsula, but it will postpone production startup until 2025. 3147). Golden Pass Products is advancing a proposed $10 billion project to add LNG export capabilities to its existing world-class terminal in Southeast Texas.  |, Related topics: Golden Pass is one of a number of Gulf Coast exporting projects looking to secure supply for the next wave of U.S. LNG. The updated projection, issued on Tuesday as part of the agency’s latest Short-Term Energy Outlook (STEO), is nearly 20 cents higher than the $2.95…. Key Takeaways:• Chiyoda’s Engineering Delays Continue. Ocean LNG will be responsible for the offtake and marketing of all LNG volumes to be produced and exported from the Golden Pass LNG export project in Sabine Pass, Texas. © 2021 Natural Gas Intelligence. The Golden Pass export terminal is itself a joint venture between affiliates of Qatar Petroleum and ExxonMobil. The Company offers terminal and regasification facility. The Golden Pass LNG project in Sabin Pass, Texas USA, converts the existing LNG receiving facilities into a new natural gas liquefaction plant with a capacity of 15.6 million tons a year (3 x 5.2 million ton trains). Golden Pass LNG is a joint venture between Qatar Petroleum (70%) and ExxonMobil (30%). Golden Pass noted in its filing that the extension was requested “due to delays in obtaining the necessary authorizations both from the Commission as well as the DOE’s Office of … ISSN © 1532-1231 Golden Pass is designed to produce around 16 million tonnes per annum (MTPA) of LNG, equivalent to about 2.1 billion cubic feet per day (bcfd) of natural gas. NGI The Weekly Gas Market Report Company CEO Saad Al-Kaabi told Reuters the company will not downsize the North Field LNG expansion project (NFEP) offshore the Qatar peninsula, but it will postpone production startup until 2025. LNG Golden Pass is also seeking an extension of its global export authority through the DOE, Sweeney said. September 28, 2020. Follow the topics you want and receive the daily emails. Gas electric Golden Pass LNG: Our Delay & Contingency Fund Estimates Continue to Ramp, W|EPC: Golden Pass LNG – Delay & Contingency Fund Estimates Continue To Ramp – Updated Project & Satellite Image Review, Golden Pass Q320 Update – Key Takeaways (page 2), Revised Cost & Schedule Forecasts (page 3), Analysis – Chiyoda’s 16% Reported Progress (page 7), 18-Months After FID, Sabine Pass vs. Golden Pass LNG (page 8), Change Order Analysis vs. JV Structure (page 10). 12-88-LNG (Order Granting Long-Term Multi-Contract Authorization to Export Liquefied Natural Gas by Vessel from the Golden Pass LNG Terminal to Free Trade Agreement Nations)(September 27, 2012)(Order No. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. The Golden Pass project is designed to add export capabilities to the existing LNG terminal and regasification facility, which is located about 10 miles south of Port Arthur in Jefferson County, TX. The Golden Pass Pipeline project would add compressor stations to the existing pipeline to supply 2.6 Bcf/d of gas to the terminal. We believe engineering delays have eroded a significant portion of the EPC risk, contingency, and profit, with the likelihood of ramping balance sheet exposure. Golden Pass LNG State-owned Qatar Petroleum will move ahead with its LNG projects, despite delays brought on by current market conditions and the COVID-19 pandemic. Golden Pass told the Federal Energy Regulatory Commission that it expects to place its three trains in service on a staggered schedule, with Train 1 slated to come online “no later than September 30, 2025”; Train 2 by March 31, 2026; and Train 3 by Nov. 30, 2026. FERC issued an order authorizing construction for Golden Pass in late 2016, setting a Dec. 21, 2021, deadline to place the project into service. Golden Pass plans to have the first of three trains operational in 2024. Golden Pass LNG Terminal, LLC . ISSN © 1532-1266 Besides Calcasieu Pass, Venture Global is developing the proposed Plaquemines LNG export facility in Louisiana, which would have a production capacity of up to 20 Mt/y. It will be integrated into the existing Golden Pass LNG import facility (pictured). … 1.800.427.5747 Golden Pass LNG Terminal LLC, a liquefied natural gas export project on the Texas coast sponsored by ExxonMobil Corp. and state-owned Qatar Petroleum (QP), is …  |  This project builds upon the successful international relationship between ExxonMobil and Qatar Petroleum, with Qatar Petroleum joining ExxonMobil in exploration and development activities in Argentina, Brazil and Mozambique. To Golden Pass LNG, safety is a core value that is reflected in all our activities. Representing the Golden Pass export project and the affiliated Golden Pass Pipeline LLC, counsel Kevin M. Sweeney told FERC in a letter this week that developers will need more time to finish the project due to long waits for key federal approvals. CB&I and partner Chiyoda were awarded the front-end engineering design (FEED) services contract for a proposed LNG export project by Golden Pass Products (GPP).. GPP is a joint venture between … (Pages 4 & 11)• Our updated project timeline (delay) and contingency fund estimates are now material, sitting at…. (Page 8), Golden Pass LNG Satellite Image Overview (page 13), For access information please email us at [email protected]. (continued) • Our estimates point to Golden Pass project progress sitting closer to ~10% vs Chyioda’s report figure of 16% (Q2) based on both our satellite image review and…. Golden Pass LNG developed a liquefied natural gas (LNG) receiving terminal located near Sabine Pass, Texas, and an associated pipeline connecting to existing US pipeline infrastructure. natural gas Golden Pass spokesperson Renwick DeVille said the timeline submitted to FERC does not constitute a delay; the project remains on track to place Train 1 into service in 2024 as previously projected when ExxonMobil and QP reached a positive financial investment decision in February*. Golden Pass is a partnership of leading energy companies with a successful record of producing, shipping and marketing natural gas globally. All rights reserved. The expansion project was proposed in 2012 and is being developed by Golden Pass Products LLC, a joint venture of affiliates of Qatar Petroleum (70%) and Exxon Mobil (30%). Golden Pass expects to acquire up to 2.6 Bcf/d for the three-train, 15.6 million metric tons/year project. Enable’s 135-mile Gulf Run Pipeline project—a $1.3 billion endeavor that includes the upgrades to Line CP—will flow Haynesville natural gas from the company’s Westdale compressor station in Red River Parish, La,, to a connection with the Golden Pass Pipeline near Starks, La., and ultimate delivery to the Golden Pass LNG export terminal currently under construction. Those agreements represent the Golden Pass value chain. Developers of these facilities, Venture Global LNG and Golden Pass LNG Terminal, have maintained targeted in-service dates before the middle of the decade. copyright © March 9, 2021 webber research advisory. inside Calcasieu Pass is scheduled to begin service in 2022. info@naturalgasintel.com | Golden Pass has achieved eight years without a single Occupational Safety & Health Administration (OSHA) recordable incident. Contact Us to … NGI All News Access. (continued)• Sabine Pass Comparison. Golden Pass said that if a market develops, it would be ready to serve LNG bunkering barges with capacities of 3,000 to 12,000 m 3 of LNG and marine vessels that use LNG for fuel. the upstream Golden Pass project. 12-88-lng order granting long-term multi-contract authorization to export liquefied nawral gas by vessel from the golden pass lng terminal to free trade agreement nations doe/fe order no. EPA has formulated a draft permit for the Golden Pass LNG Terminal, LLC, under the National Pollutant Discharge Elimination System (NPDES). Ocean LNG is a joint venture marketing company, owned by Qatar Petroleum (70 percent) and ExxonMobil (30 percent). reliability You have 3 free articles remaining. The DOE granted Golden Pass global export authority in 2017, four-and-a-half years after the project solicited the government for approval. Whereas the request for an exemption still left Applicant or Respondent. *Clarification: An earlier version of this story incorrectly stated that the dates submitted to FERC reflect a delay in the project schedule. ISSN © 2577-9877 Golden Pass LNG Terminal serves customers in the State of Texas.  |  all rights reserved. The Golden Pass LNG Export project in US East is a 3-train LNG development operated by a joint venture between Qatar Petroleum and ExxonMobil. Golden Pass LNG State-owned Qatar Petroleum will move ahead with its LNG projects, despite delays brought on by current market conditions and the COVID-19 pandemic. NGI regrets the error. Golden Pass LNG still expects to begin service in 2024; the timeline in the company’s FERC filing reflects the expectation that Train 1 will start up no later than Sept. 30, 2025. LNG Insight aga ... Delfin delays decision. electricity 18-Months after FID Sabine Pass LNG Trains 1 & 2 were 57.1% complete, vs our estimated range for Golden Pass LNG (~10-16%). Golden Pass LNG has added more than 280 acres to its reinvestment zone designated by Jefferson County as it continues to push toward a 2024 start date for … Golden Pass Products LLC and Golden Pass Pipeline LLC, 157 FERC ¶ 61,222 (2016). Golden Pass LNG: Our Delay & Contingency Fund Estimates Continue to Ramp Key Takeaways:• Chiyoda’s Engineering Delays Continue. The LNG plant analysis outlines the key project metrics, development and cost estimates of the plant, gas feedstock, fiscal structure and economic assumptions used to generate the project cashflow. golden pass products llc fe docket no. Sweeney asked FERC to extend the in-service deadline to Nov. 30, 2026.
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