Latest market news

Golden Pass LNG’s startup lags similar-size projects

  • : Natural gas
  • 26/09/14

QatarEnergy and ExxonMobil's 18.1mn t/yr (2.4bn ft³/d) Golden Pass LNG exported its ninth cargo last week following its shortest interval between shipments to date, but the southeast Texas terminal's ramp-up continues to lag comparable US Gulf coast projects nearly six months after LNG production began.

The ExxonMobil-controlled 174,000m³ Seri Dian departed Golden Pass on 11 September with a 76,000t cargo, about 6.9 days after the terminal's previous export, according to Kpler data. The shipment shortened the average interval between cargoes to 17.8 days since Golden Pass loaded its first export on 22 April. No ships were docked at the terminal on 14 September, though QatarEnergy's 174,000m³ Al Kharrarah is idling off the Texas coast and could load the next cargo.

But feedgas deliveries have remained inconsistent since LNG production started on 30 March, with the terminal's schedulers frequently reducing gas nominations during the day. As of 13 September, Golden Pass had received about 49.4bn ft³ of feedgas and exported the equivalent of 31.6bn ft³ as LNG, or 64pc of feedgas volumes, based on pipeline postings and Kpler ship-tracking data (see output chart).

That performance trails commissioning rates achieved at comparable stick-built liquefaction projects on the US Gulf coast. During the first 168 days following the start of LNG production in 2016, Cheniere's 33mn t/yr Sabine Pass facility received 76.1bn ft³ of feedgas and exported the equivalent of 50.8bn ft³ as LNG, or 67pc of feedgas volumes.

Over the same period after first LNG, Cheniere's 28.9mn t/yr Corpus Christi LNG exported 78pc of its 74.2bn ft³ of feedgas during commissioning in 2019, while Sempra Infrastructure's 15mn t/yr Cameron LNG exported 68pc of its 62.3bn ft³.

Golden Pass has also yet to begin the regulatory process to introduce feedgas or fuel gas to additional liquefaction trains, unlike Sabine Pass, Corpus Christi and Cameron at a similar stage of commissioning. ExxonMobil chief executive Darren Woods said in November 2024 that the joint venture planned to bring the three trains into service in six-month intervals.

Feedgas deliveries to the terminal averaged 342mn ft³/d in the 30 days ended 13 September, according to pipeline data, equivalent to about 40pc of Train 1's nameplate capacity.

Output over 168 days after first LNG bn ft³

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more