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Golden Pass LNG, a joint venture between Exxon Mobil (NYSE:XOM) and QatarEnergy, has requested U.S. regulatory approval to re-export liquefied natural gas (LNG) starting October 1, 2025. The request comes as the $10 billion export facility in Sabine Pass, Texas, nears completion following years of delays and budget overruns.
The company plans to import a cargo of LNG to cool down its systems—a critical pre-commissioning step before beginning commercial operations. Cooling down the plant enables the facility to prepare pipelines and tanks for safe and efficient LNG processing.
The Golden Pass terminal is designed to export up to 18 million metric tons per annum (mtpa) of LNG. Once operational, it will become the ninth active LNG exporter in the United States, further strengthening the country’s position as the world’s top LNG supplier.
The project has faced significant setbacks. In March 2024, lead contractor Zachry Holdings filed for bankruptcy, citing cost overruns of at least $2.4 billion. As a result, Golden Pass appointed McDermott International to lead construction of Train 1 and is currently in talks for the company to take over work on the remaining two trains.
Despite these challenges, Exxon Mobil and QatarEnergy aim to bring Golden Pass online by the end of 2025. The launch is expected to boost U.S. LNG exports and meet rising global energy demand, especially in Europe and Asia, where countries are seeking diversified and secure energy sources.
If approved, the re-export permit will allow Golden Pass to maintain its project timeline and begin shipping LNG by year-end, positioning it as a key player in the growing U.S. liquefied natural gas market.
