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PORT ARTHUR, Texas — Golden Pass Products LLC, a joint venture of Exxon Mobil Corp and Qatar Petroleum, is seeking U.S. authorities'' permission to export liquefied natural gas from a terminal near the Texas-Louisiana border, Reuters reported.
The companies plan to spend $10 billion to convert a new terminal near Port Arthur, Texas, into a facility capable of exporting 15.6 million tons of LNG per year.
The regulatory approval could take several years to pass and the facilities could take about five years to build, according to Bill Davis, project executive for Golden Pass Products.