Exxon, Qatar Petroleum JV looks to export U.S. natural gas-WSJ

Sat Aug 18, 2012 7:22am IST

Related Topics

Stocks

   

Aug 17 (Reuters) - Golden Pass Products LLC, a joint venture of Exxon Mobil Corp and Qatar Petroleum, is seeking U.S. authorities' permission to export liquefied natural gas from a terminal near the Texas-Louisiana border, the Wall Street Journal said, quoting an executive.

Exxon and its partner would spend $10 billion to convert a new terminal near Port Arthur, Texas, into a facility capable of exporting 15.6 million tons of LNG per year, the newspaper said. It was built to import natural gas, it said.

According to the joint venture application, the LNG would be exported to countries with which the United States has a free-trade treaty, the Journal said.

The regulatory approval could take several years to pass and the facilities could take about five years to build, the Journal said, quoting Bill Davis, project executive for Golden Pass Products.

Exxon and Qatar Petroleum were not available for comment outside regular business hours.

FILED UNDER:

Economic Pulse

Reuters Showcase

Reaction to Budget

Reaction to Budget

India budget unlikely to impact credit rating - agencies  Full Article 

PMI Data

PMI Data

Factory activity growth slows to five-month low in Feb  Full Article 

Documents Leaked

Documents Leaked

Indian Oil suspends official for leaking information - sources  Full Article 

Coal Auction

Coal Auction

India examines coal mine bids amid reports of discrepancies  Full Article 

Ola Buys Rival

Ola Buys Rival

Ola buys rival TaxiForSure for $200 million  Full Article 

Priority Sector

Priority Sector

RBI revises priority sector lending norms  Full Article 

Global Economy

Global Economy

Global stimulus swells as China eases, ECB to start soon on QE  Full Article 

Steel Industry

Steel Industry

Steelmakers hit by uncertainty over import duty hike   Full Article 

HP Buys Aruba

HP Buys Aruba

HP to buy Wi-Fi gear maker Aruba Networks for $2.7 billion  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage