Golden Pass Products said it has submitted a formal application with the Federal Energy Regulatory Commission (FERC) to construct and operate its proposed liquefied natural gas (LNG) project at the existing Golden Pass LNG import facility in Sabine Pass, Texas.
This important milestone demonstrates Golden Pass Products’ continued success in advancing the project, which would bring significant and lasting benefits to the region and the U.S.
The FERC permitting process will involve an Environmental Impact Study and multiple agency regulatory reviews, a public comment period and other public input opportunities. Golden Pass Products commenced the National Environmental Policy Act (NEPA) pre-filing process with FERC in May 2013.
“This is a key step toward making the project a reality,” said Eric Pletcher, president of Golden Pass LNG. “To succeed in the permitting process requires years of work and investment and the determination of a strong team.”
Golden Pass Products’ shareholders, Qatar Petroleum International and ExxonMobil, are world leaders in the LNG business with operational LNG expertise, financial capabilities, access to shipping fleets, large-scale regasification facilities and a diverse global customer portfolio.
A final investment decision is expected in 2015, after which Golden Pass Products would invest approximately $10 billion over five years to build the proposed facility and would create about 45,000 direct and indirect jobs across the nation during the construction phase. During its 25-year operations phase, the project would generate about 3,800 new jobs in the U.S., including more than 200 permanent jobs at the site. The project has received U.S. Department of Energy authorization for exports to Free Trade Agreement countries and is awaiting DOE approval to export to non-FTA nations.
Press Release, July 8, 2014; Image: Golden Pass Products