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QP, Exxon to build LNG plants in the US
- Qatar: Sunday, October 28 - 2012 at 03:52
Qatar Petroleum (QP) and Exxon Mobil have announced they have received a first permit to export natural gas from their Golden Pass import terminal in Texas, Bloomberg has reported. The move by QP seeks to offset an anticipated slide in revenue as prices of the fuel fell from a record. New LNG capacity planned in North America, Australia and other countries may cut Qatar's market share to 23% by 2020 from a record 31% last year, even if the US project goes through, data from the Paris-based International Group of Liquefied Natural Gas Importers show.
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