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Golden Pass given the green light to export LNG

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LNG Industry,

According to multiple sources, the US Department of Energy has signed an order authorising Golden Pass Products to export domestically produced LNG to countries that do not have a free trade agreement with the US.

Golden Pass is jointly owned by Qatar Petroleum and ExxonMobil. The authorisation allows for the export of up to the equivalent of 2.21 billion ft3 of LNG per day from the Golden Pass Terminal.

Golden Pass estimates the construction of its facility will provide 45 000 direct and indirect jobs over five years, and the project will provide 3800 direct and indirect permanent jobs over the next 25 years of operational activity. Golden Pass also estimates the cumulative impact of construction and 25 years of operation will provide up to US$2.4 billion in federal tax revenues and US$1.2 billion in state tax revenues.

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