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Local News

July 7, 2014

Golden Pass files formal FERC application

SABINE PASS — Golden Pass Products has taken an important step toward constructing and operating its liquefied natural gas project at its facility in Sabine Pass.

Golden Pass Products announced on Monday it has submitted a formal application with the Federal Energy Regulatory Commission.

The FERC permitting process will involve an Environmental Impact Study and multiple agency regulatory reviews, a public comment period and other public input opportunities, according to a press release from Golden Pass.

“The project has to satisfy key regulatory requirements in order to go forward,” Bill Davis, project executive for Golden Pass said via phone.

FERC handles the environmental aspects of design and construction and operation to the facility.

Golden Pass Products commenced the National Environmental Policy Act pre-filing process with FERC in May 2013.

“This is a key step toward making the project a reality,” Eric Pletcher, president of Golden Pass LNG, said. “To succeed in the permitting process requires years of work and investment and the determination of a strong team.”

Golden Pass Products’ shareholders, Qatar Petroleum International and ExxonMobil, are touted as world leaders in the LNG business with operational LNG expertise, financial capabilities, access to shipping fleets, large-scale regasification facilities and a diverse global customer portfolio.

A final investment decision is expected in 2015, after which Golden Pass Products would invest approximately $10 billion over five years to build the proposed facility and would create about 45,000 direct and indirect jobs across the nation during the construction phase.

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 authorization for exports to Free Trade Agreement countries and is awaiting Department of Energy approval to export to non-FTA nations.

“We’ve committed significant resources and people to get to this milestone,” Davis said. “This represents what a strong team can do and we are hoping to move forward so we an really bring benefits to the U.S.”

Golden Pass LNG is embarking on the $10 billion project to add exporting capabilities to its existing facility which will bring jobs and economic gains to the area.

The facility consists of five containment tanks that are large enough to hold the volume of 62 Olympic sized swimming pools and are constructed with 50 million pounds of steel and 5,000 valves.

The berth area is large enough to hold about 77 football fields, according to information from Golden Pass.

E-mail: mmeaux@panews.com

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