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Ocean LNG offtake and marketing of & # 39; Golden Pass LNG volumes



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Qatar Petroleum announced on Sunday that the LNG ocean will be responsible for the diversion and marketing of all of the & # 39; LNG volumes to be made and exported from the export project Golden Pass LNG (Golden Pass LNG), located in Sabine Pass, Texas.

LNG from the ocean & # 39 is a joint venture marketing company owned by affiliates Qatar Petroleum (70%) and ExxonMobil (30%).

Earlier this year, LNG ocean came into LNG sales and sales contract binding with Golden Pass Products LLC to purchase and withdrawal of all & # 39; LNG volumes to be produced by Golden Pass LNG.

Since its inception LNG ocean active mainly in South America and Europe. After successfully making the final investment decision (FID) Golden Pass LNG on February 5, 2019, LNG ocean will now focus its efforts on the marketing of the & # 39; US LNG volumes in the Asia Pacific region through further broad commitment.

It will also expand and networks with both regular customers and new potential LNG buyers and at the same time, while maintaining a strong presence throughout South America and Europe.

His Minister of State for Energy, Syed Sherida Al Kaaba, as well as President and Chief Executive Officer of Qatar Petroleum said: «FID Golden Pass LNG earlier this year supports the marketing efforts of LNG Ocean to deliver LNG to US customers worldwide. This is a & # 39 is another indication of the position of Qatar Petroleum as a world leader with a large portfolio of LNG that can offer customized LNG supply structure and business conditions in the LNG evolving global environment. "

Ocean LNG will be prominent for the first time as part of Qatar Petroleum pavilion at the upcoming global industry event, LNG 19, which will be held in Shanghai, China from April 1-5.

Golden Pass LNG is in a great location with well established relations with broad resources of natural gas in the United States, and has access to the transportation of goods both in the Atlantic basin markets, and the Pacific Ocean.

Golden Pass LNG, which has received all necessary regulatory approvals to export LNG from the US Federal Energy Regulatory Commission and the US Department of Energy was authorized in early February of this year, its shareholders, as well as the construction work in place, is expected to start soon time.

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