Cheniere(LNG) ZACKS·2025-03-06 15:10Core Insights - Exxon Mobil Corporation (XOM) and QatarEnergy's Golden Pass LNG project has received a crucial export extension from the U.S. Department of Energy, extending the deadline for exports to March 31, 2027 [1][3] - Once operational, Golden Pass will be the ninth-largest LNG export terminal in the U.S., with a daily export capacity of 2.57 billion cubic feet, expected to begin production in late 2025 [2][5] - The project is strategically positioned to meet growing energy demand in Asia and Europe, reinforcing ExxonMobil's role in the global LNG market [5][6] Project Details - The extension allows additional time for construction completion, which may be delayed until November 2029 due to contractor changes [4] - Golden Pass was initially approved for exports to non-free trade agreement countries under the Trump administration, and the Biden administration's recent pause on new LNG export approvals does not affect this project [3] Stakeholder Information - QatarEnergy holds a 70% stake in the Golden Pass project, while ExxonMobil owns the remaining 30%, making it a crucial asset for ExxonMobil's LNG portfolio [5] - The project is part of ExxonMobil's long-term LNG growth strategy, aimed at addressing future energy needs despite regulatory and logistical challenges [6]