Golden Pass Ships First LNG Cargo From Texas Export Terminal [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
the Sabine Pass terminal in Texas, a milestone that brings one of the biggest new U.S. export projects closer to full commercial service. The company said Train 1 is now operating, while construction and commissioning continue on Trains 2 and 3. The key development is not just the cargo itself, but what it signals: Golden Pass has moved beyond first LNG production into exports, effectively entering the global market after years of construction. The terminal is expected to export about 18 million metric tons per year once fully operational, with total nameplate capacity of roughly 18.1 mtpa across three liquefaction trains. That matters for both U.S. supply growth and global LNG balances. Golden Pass is one of the largest new U.S. LNG projects to come online, and its ramp-up adds fresh Gulf Coast volumes into an international market still focused on energy security, trade flows, and the pace of new liquefaction start-ups. Reuters previously reported the plant was preparing to load
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