Golden Pass Products Awards FEED Contract to Chiyoda and CB&I

HOUSTON. - Thursday, July 31st 2014 [ME NewsWire]
(BUSINESS WIRE) Golden Pass Products, LLC has awarded a front-end engineering and design (FEED) services contract for its proposed natural gas liquefaction and export project in Sabine Pass, Texas to Chiyoda Corporation. Also participating in the development of the FEED services will be Chiyoda’s partner CB&I.

During the FEED stage of the project, Golden Pass and its contractors will further define the technical, design, and cost components of the LNG liquefaction and export facilities.

“This is a significant milestone for the Golden Pass LNG export project,” Eric Pletcher, president of Golden Pass LNG, said. “Capitalizing on Chiyoda’s and CB&I’s global expertise in LNG facility design brings the project one step closer to reality.”

Chiyoda and CB&I also successfully completed the pre-FEED and engineering work necessary to support Golden Pass’ formal application to the Federal Energy Regulatory Commission on July 7.

The LNG export project would have a capacity of approximately 15.6 million tons of LNG per year, and the new facility would be co-located at the site of the existing LNG import terminal owned and operated by Golden Pass LNG Terminal LLC, an affiliate of GPP.

A final investment decision for the estimated $10 billion project would be made following government and regulatory approvals and be based on a range of factors. The project would create about 45,000 direct and indirect jobs across the nation during the 5-year construction phase. First LNG production is planned for 2019. 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 (DOE) authorization for exports to Free Trade Agreement (FTA) countries and is awaiting DOE approval to export to non-FTA nations.

About Golden Pass Products

Golden Pass Products LLC is affiliated with Golden Pass LNG Terminal LLC and Golden Pass Pipeline LLC, which since 2005 have constructed and operated the LNG import facility and distribution pipeline in Sabine Pass, Texas. Houston-headquartered Golden Pass Products LLC was formed by affiliates of Qatar Petroleum International and Exxon Mobil Corporation. For more information, visit: www.goldenpassproducts.com.

Contacts

Golden Pass Products

Clark Vega, 877-246-4728 (Information Line)

info@goldenpassproducts.com