Exxon's Partner In Giant Qatar Project To Help Exporting U.S. Shale Gas

Golden Pass (which is owned 70% by Qatar, 17.6% by Exxon and 12.4% by ConocoPhillips) would be just one of a handful of LNG export terminals on the gulf coast. Cheniere Energy, which was among the earliest to build an LNG import terminal at Sabine Pass, has already had its plans approved by the feds, and expects to begin exporting U.S. gas in 2015. In addition to the gulf coast export plans, ExxonMobil, BP and ConocoPhillips have been working on plans to export gas stranded in Alaska to the Asian market. This is all a huge change from just a few years ago, when the big players assumed the U.S. would need gas from the rest of the world. “People used to say that shale gas couldn’t compete with natural gas,” al Attiyah reportedly said. “In my 40 years in the industry, I have learned one thing: don’t believe in forecasts.”

Exxon's Partner In Giant Qatar Project Says It Wants To Reverse LNG Terminal To Export U.S. Shale Gas