[Aljazeera] Energy department approves Golden Pass energy giant to export liquefied natural gas to global market.
The US energy department has given its final approval to Golden Pass, a global energy company, to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement with the US.
Golden Pass will be able to export up to 2.21 billion cubic feet of natural gas per day to the global market.
In a statement on Wednesday, the energy department said "it conducted an extensive review of the Golden Pass application. Among other factors, the Department considered the economic, energy security, and environmental impacts, including macroeconomic studies that showed positive benefits to the US economy".
Golden Pass, a joint venture between Qatar Petroleum (which owns 70 percent) and ExxonMobil (30 percent), has developed its preexisting facilities in Sabine Pass in Jefferson County, Texas to be able to export LNG. |