Rigzone · March 31, 2026 (Mar 31) · 1 min read

QatarEnergy, ExxonMobil Start Production at Texas LNG Project

Isometric technical illustration of offshore oil and gas operations with drillship and support vessel — Illustration: ExxonMobil

Analysis

AI-assisted analysis · reviewed by Yuri Kan

QatarEnergy and ExxonMobil have commenced production at the Golden Pass LNG project in Texas. The project anticipates its first LNG cargo shipment in the second quarter of the year, marking a significant milestone for the joint venture and the US LNG export capacity.

Key Facts

Golden Pass LNG is a joint venture between QatarEnergy and ExxonMobil.
The project is located in Texas.
First cargo is expected in Q2 of the year.

Market Impact

The start of production at Golden Pass LNG will increase the United States' LNG export capacity, contributing to global energy security, particularly for Europe. This could put downward pressure on global LNG prices in the medium term as more supply comes online. It also strengthens the position of both QatarEnergy and ExxonMobil in the global LNG market.

Why This Matters for Cyprus

This project's commencement signifies increased LNG export capacity from the US, potentially impacting global LNG supply dynamics and pricing.

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