It is reported trade in LNG reached nearly 300 million tons in 2017 and is growing, particularly in Asia, where China is switching from coal to cleaner-burning natural gas to improve air and the Lone Star State, now officially an LNG exporter, has fully capitalized on the increased demand. On the Texas Gulf Coast side of Sabine Pass, Golden Pass LNG a joint venture group has begun a $10+ billion liquefaction project that will have capacity to produce around 16 million tons of LNG per year. This one $10+ billion liquefaction project in the LNG export industry is expected to create about 9,000 jobs over the five-year construction period and more than 200 permanent jobs during operations.
The growth of the Gulf Coast’s LNG industry is projected to accelerate during 2019 as at least three major projects have been given the greenlight from developers. ExxonMobil and partner Qatar Petroleum have made a final investment decision to proceed with the Golden Pass LNG export project. Construction will begin in the first quarter and the facility is expected to start up in 2024.
Projects include:
- Cheniere Energy’s Train 6 at their Sabine Pass complex in Louisiana
- Golden Pass LNG, a joint venture between Exxon Mobil, ConocoPhillips and Qatar Petroleum, on the Texas side of Sabine Pass
- Calescieu Pass LNG in southwestern Louisiana
Field Industries is excited to hear about the latest LNG developments in the Texas Gulf Coast and is looking forward to providing steel and alloy products, along with outstanding customer service, to assist in the successful on-time and under-budget completion of these projects.
Field Industries is your 1-Stop Shop for steel and alloy products and can assist immediately with its two fully stocked warehouses. We have the best customer service team in the business just a phone call away.
Call us today at (832) 736-1839, email us at solutions@fieldindustries.com, or visit us at www.fieldindustries.com.