ABOUT GOLDEN PASS

Our vision, mission & values

Our vision is to be the premier LNG export company in North America.

The mission of Golden Pass LNG is to bring clean energy from Texas to power the world.

Our values of safety, integrity, people, community and the environment set us apart and define who we are as a company.

Our history

In the early 2000s, there was a growing demand for a cleaner energy source in the United States. Because natural gas is a clean-burning, environmentally friendly fuel, Golden Pass shareholders saw an opportunity to import natural gas into the United States to help meet that demand. The Golden Pass LNG import project began in November 2003. Construction of the Golden Pass Pipeline was completed in 2009, followed by the completion of the terminal construction in 2010. Golden Pass received its first LNG cargo in October 2010 on the Al Khuwair Q-Flex ship.

Due to advances in technology, the United States soon had access to become an abundant domestic natural gas resource base. Around 2012, it was estimated that the United States had enough natural gas supply to last more than 100 years. This was exciting news for the entire country. However, Golden Pass faced an important challenge. What role would the existing facility play in the evolving energy market? The facility maintained all authorizations, operational capabilities, and a ready-to-receive status, serving as a safety valve for U.S. energy security in the event of market disruptions.

This challenge created an opportunity, and the start of a new project in 2012 – the Golden Pass LNG export project. In 2019 our shareholders made a final investment decision to proceed with the project, and construction on a new, world-class LNG export facility began.

Shareholders

Golden Pass LNG is a joint venture company formed by affiliates of two of the world's largest and most experienced oil and gas companies: QatarEnergy (70%) and ExxonMobil (30%).

QatarEnergy

QatarEnergy was established in 1974 as a national corporation completely owned by the State of Qatar. It is responsible either directly or through joint ventures for all oil and gas production and processing in Qatar.

At a Glance:

• Became the world's largest LNG producer in 2006
• Responsible for all phases of the country's oil and gas industry
• Principle activities include exploration, drilling production, storage and transport of crude oil, natural gas liquids, and liquefied natural gas, petrochemicals and fertilizers, helicopter and financing services
• Built the world's largest LNG liquefaction facility in Qatar.
• Built the world's largest LNG carrier, the Qatar Max (Q-Max).

Visit the QatarEnergy website for further information.

About Qatar

Qatar is situated on the eastern coast of the Arabian Peninsula. Bordered to the south by Saudi Arabia, the rest of its landmass juts about 100 miles into the balmy waters of the Arabian Gulf. The country has a population of 1.7 million (May 2010). Most of the population lives in the Municipalities of Doha, the business and administrative center, and Rayan, an adjacent Municipality. The State of Qatar has a desert climate with a hot summer and a relatively mild winter. Summer temperatures range between 77 and 113 degrees Fahrenheit, with high humidity. During the winter there is some rainfall but it rarely exceeds 3 inches annually.

Qatar has a strong focus on educational advancement. The brand new Education City was developed by the Qatar Foundation for Education, Science and Community Development - a not-for-profit organization established in 1995 and chaired by Her Highness Sheikha Mozah Bint Nasser Al-Missned. Education City provides a broad spectrum of world-class educational facilities, from kindergarten level through to postgraduate and research programs. It also includes facilities for business, community development, science, IT, Islamic Studies, media and communications and sports, and a 350-bed teaching hospital is being built.

ExxonMobil

ExxonMobil is the world's largest publicly traded international oil and gas company.

At a Glance:

• Operates in more than 200 countries and territories worldwide and participates in LNG operations representing more than 25% of global industry capacity
• Safely and reliably produces oil, natural gas, and hydrocarbon products
• Finds and develops new supplies and products to bring to the market
• Maximizes resource and asset value; improves energy efficiency and minimizes environmental impacts

Visit the ExxonMobil website for further information.