Golden Pass LNG is adding export capabilities to its existing LNG import terminal in Sabine Pass, Texas. The project is a partnership between Exxon Mobil Corp. and QatarEnergy and will have a send out capacity of around 18 million tonnes per annum. (Source: Golden Pass LNG)
Golden Pass LNG could lose 219 Bcf of gas demand in the first half of 2025 after a bankruptcy filing by the company’s lead contractor Zachry Industrial, Inc. delays operations, according to East Daley Analytics.
Golden Pass LNG acknowledged the bankruptcy filing but said work continues on the project with McDermott and Chiyoda. The project is already 75% progressed and Golden Pass LNG remains committed to “completing the project,” the company said in its May 21 release.
“Nevertheless, the demand outlook remains strong in the second half [of] 2024 and through 2025 with several other LNG projects planning to start, including Cheniere Energy’s Corpus Christi Phase III project and Venture Global’s Plaquemines LNG,” East Daley analysts wrote May 30 in a research report.
Golden Pass LNG is adding export capabilities to its existing LNG import terminal in Sabine Pass, Texas. The project is a partnership between Exxon Mobil Corp. and QatarEnergy and will have a send out capacity of around 18 million tonnes per annum.
East Daley also said a six-month delay would cut its Henry Hub forecast by approximately $0.15/MMBtu through March 2026.
“Despite the development, we remain bullish on the 2025 price outlook as new demand tightens the market. Even with a delay at Golden Pass, we still expect prices to run up heading into next winter and average approximately $3.75/MMBtu in 2025,” East Daley said.
Recommended Reading
ADNOC, Carlyle Offer $18.8B for Australia’s Santos Ltd.
2025-06-15 - Santos Ltd. has received a final, non-binding offer from a consortium led by Abu Dhabi National Oil Co., or ADNOC, that represents a 28% premium over the company’s June 13 closing price.
LS Power Acquires Engie Services, Rebrands It Opterra
2025-06-15 - Opterra joins LS Power’s existing portfolio of energy infrastructure companies providing energy efficiency and grid reliability services.
On the Market This Week (June 9, 2025)
2025-06-13 - Here is a roundup of marketed oil and gas leaseholds in the Permian and Anadarko basin and Woodford and Tuscaloosa Marine shales.
Court OKs MVP Southgate Permit Extension—Despite Opposition
2025-06-12 - A group of environmental petitioners had asked for a review of the Southgate project to extend the Mountain Valley Pipeline.
Honeywell Acquires Pump, Compressor Maker Sundyne for $2.2B
2025-06-09 - Honeywell’s acquisition of Sundyne follows a restructuring announcement spurred on by Elliot Investment Management.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.