QatarEnergy celebrated the landmark first LNG production from its 18mn t/y Golden Pass terminal in the US (QatarEnergy 70%, ExxonMobil 30%). The facility is QatarEnergy’s only overseas LNG asset. The startup comes at a critical time for the Qatari firm and the LNG sector more broadly, with more than 80mn t/y of Middle East capacity currently blocked from global markets by the continued closure of the Strait of Hormuz.
Golden Pass can’t come close to closing the supply shortfall that has suddenly materialized, but any new source of LNG is welcome. Volumes will remain modest at first, with just one of the plant’s three planned trains operational, and that train only ramping up gradually in the weeks ahead. (CONTINUED - 1063 WORDS)
