Federal regulators have granted a 3-year extension to the Exxon Mobil and Qatar Energy LNG joint venture for the completion of their Golden Pass LNG plant. This extension provides additional time to finish building the Texas facility.
The Golden Pass LNG plant is a major project aimed at increasing liquefied natural gas export capacity from the U.S. The extension addresses previous delays and allows the consortium to continue construction towards its operational goals.
This regulatory decision is crucial for the project's long-term viability and its contribution to ExxonMobil's natural gas portfolio. It ensures that the significant investment in this facility can ultimately come to fruition, albeit on an adjusted timeline.
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