Golden Pass Announces Phase 2 Commissioning Completion and FERC Authorization to Place in Service

HOUSTON, May 10, 2011 /PRNewswire/ -- Golden Pass LNG Terminal LLC (Golden Pass LNG) announced today that it has been granted authority by the Federal Energy Regulatory Commission (FERC) to place into service the Phase 2 terminal facilities.

Phase 2 commissioning activities and performance tests of its liquefied natural gas (LNG) receiving terminal were successfully completed in late April. Golden Pass LNG previously announced that Phase 1 commissioning activities and performance tests were completed in early March. As also previously announced, the FERC authorized Golden Pass Pipeline LLC (Golden Pass Pipeline) to place in service the 69-mile interstate pipeline that transports gas from the terminal facilities to downstream markets. Combined Phase 1 and Phase 2 operations will enable nominal send out capacity of more than 2 billion cubic feet per day of natural gas from the terminal.

Golden Pass LNG and Golden Pass Pipeline operate state-of-the-art terminal and pipeline facilities near Sabine Pass, Texas. These facilities are designed to safely and reliably receive and transport natural gas throughout Texas and Interstate Markets. Now fully operational, the   terminal   is among the largest LNG import facilities worldwide, with the capacity to import 15.6 million metric tons of LNG annually. The pipeline, with multiple intra and interstate connections, is capable of transporting an average of 2.5 billion cubic feet per day of natural gas.

Houston-headquartered Golden Pass LNG Terminal LLC and Golden Pass Pipeline LLC, are joint venture companies formed by affiliates of three of the world's largest and most experienced oil and gas companies: Qatar Petroleum International, the international arm of Qatar Petroleum (70%), and the remaining by ExxonMobil (17.6%) and ConocoPhillips (12.4%).

The company's website is www.goldenpasslng.com

SOURCE Golden Pass LNG

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