Wednesday, February 6, 2019

Keeping Texas Great -- Making America Great Again -- February 6, 2019

Oh by the way, did you all see the most recent "trade deficit" numbers? From CNBC no less.


Now back to the keeping Texas great / making American great again --- that $10-billion Texas LNG project gets the "green light," as they say. From the Rigzone staff, data points:
  • Golden Pass LNG export project -- BHGE gets the contract.
  • Sabine Pass, TX
  • partners: ExxonMobil (30%) and Qatar Petroleum (70%)
  • the companies formally announced their decision at a ceremony Tuesday in Washington, D.C., in the presence of U.S. Secretary of Energy Rick Perry, Qatar’s Minister of State for Energy Affairs Saad Sherida Al-Kaabi and other officials
  • won't be the last Qatar investment in the US
  • part of Qatar's announcement to invest $20 billion in the US energy sector
  • Golden Pass will produce 16 million tons of LNG/year
  • construction: 9,000 jobs
  • 200+ permanent jobs
  • COP had been part of the original deal, but pulled out
Note: DOE has granted Golden Pass LNG authorization to export to countries that have free trade agreements with the United States as well as those that do not, according to the project website. In addition, the project received authorization from the Federal Energy Regulatory Commission in 2016.

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