Golden Pass LNG, a joint venture between Exxon Mobil and QatarEnergy, has requested approval from U.S. regulators to re-export a shipment of liquefied natural gas (LNG) starting October 1. The move marks a key milestone for the Texas-based export terminal, which is nearing the final phase of construction following a series of costly delays.
The company intends to import LNG specifically to cool down its Sabine Pass export facility—an essential step before the plant begins full-scale operations. The cool-down process, which involves chilling equipment to cryogenic temperatures, is typically the last technical hurdle before a facility can begin liquefaction and commercial shipments.
Project Delays and Cost Overruns Cast a Long Shadow
Construction on the Golden Pass terminal has been beset by challenges, pushing the project behind schedule and significantly over its original budget. Initially expected to be completed sooner, the project faced a major setback in March 2024 when Zachry Holdings, then the lead contractor, filed for bankruptcy. At the time, Zachry estimated that the project was running at least $2.4 billion over budget.
Following Zachry's exit, engineering and construction firm McDermott International was appointed to lead work on Train 1—the first of three processing units known as trains. McDermott is also in discussions to assume responsibility for the construction of the remaining two trains, a move aimed at restoring momentum to the troubled project.
Golden Pass Could Join Ranks of U.S. LNG Exporters by Year-End
Once operational, the Golden Pass facility is expected to have a total export capacity of 18 million metric tons per annum (mtpa), significantly adding to U.S. LNG export volumes. The facility is strategically located in Sabine Pass, Texas, and could become the ninth active LNG export terminal in the United States.
The U.S. currently holds the position of the world’s top LNG exporter, and the addition of Golden Pass is likely to further strengthen its leadership in the global energy market.
Regulatory Approval Critical for Timely Launch
Golden Pass’s request to re-export LNG underscores the project’s effort to stay on track for a late-2025 startup. Regulatory approval from the Department of Energy and other agencies will be key in allowing the company to complete commissioning activities and transition into commercial operations.
With global demand for LNG continuing to rise—especially in Europe and Asia—Golden Pass is positioning itself to play a significant role in meeting international energy needs in the years ahead.
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