Ocean LNG will exploit and market the volumes of LNG Golden Pass

Qatar Petroleum announced on Sunday that Ocean LNG would be responsible for "taking and marketing" all LNG volumes to be produced and exported from the Golden Pbad LNG export project located at Sabine Pbad, Texas, to United States.

Ocean LNG is an international joint venture marketing company owned by the subsidiaries of QP (70%) and ExxonMobil (30%).
Earlier this year, Ocean LNG entered into a binding contract with Golden Pbad Products LLC for the sale and purchase of LNG to purchase and recover all LNG volumes to be produced by Golden Pbad LNG.
Since its inception, Ocean LNG has operated primarily in South America and Europe. Following the successful completion of Golden Pbad LNG's final investment decision (FID) on February 5, 2019, Ocean LNG will now focus its efforts on marketing its LNG volumes in the US to the Asia-Pacific region by through other large-scale commitments.
It will also develop its relationships and networks with established customers and emerging and potential LNG buyers, while maintaining a strong footprint in South America and Europe.
Saad bin Sherida al-Kaabi, Minister of Energy Affairs, also president and CEO of QP, said: "The Golden Pbad LNG FID earlier this year supports Ocean LNG's marketing efforts to provide US LNG to its customers around the world. This is further evidence of Qatar Petroleum's position as a world leader in LNG with a broad portfolio capable of providing tailored LNG supply structures and commercial conditions in a changing global environment.
Ocean LNG will feature for the first time in the QP pavilion of the next world event, LNG 19, to be held in Shanghai from April 1st to 5th.
Golden Pbad LNG is located in a prime location offering well-established connectivity to major natural gas resources in the United States and maritime access to the Atlantic and Pacific Basin markets.
Golden Pbad LNG, which has received all the necessary regulatory approvals to export LNG from the Federal Energy Regulatory Commission and the US Department of Energy, was sanctioned by its shareholders in early February of this year and the activities construction on his site should begin imminently.