News and Articles

• Golden Pass LNG produces first output at Texas export terminal
• First cargo shipment expected in the second quarter of 2026
• QatarEnergy supply disruptions affect roughly one fifth of global LNG supply
• Project faced delays and contractor bankruptcy since 2019
• Rising LNG prices in Asia drive shifts toward coal and export controls

A major U.S. liquefied natural gas export project has moved closer to full operations after producing its first LNG at a facility in Texas. The Golden Pass terminal, backed by Qatar Energy and Exxon Mobil, is now preparing to begin shipments, with its first cargo expected to leave in the coming months.

The development comes at a time when global gas markets are under strain following disruptions in the Middle East. Supply concerns have intensified after QatarEnergy signaled significant production curbs tied to the regional conflict, affecting a substantial share of global LNG availability. Golden Pass has faced a difficult construction phase since work began in 2019, including rising costs and the collapse of its main contractor. Despite these setbacks, the start of LNG output marks a key step toward bringing one of the largest U.S. export terminals into service.

Once fully operational, the Texas facility is expected to play a meaningful role in supplying international markets. The project is designed to handle large-scale liquefaction, supporting long-term export commitments and adding capacity at a time when buyers are seeking alternatives to disrupted supply.

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Tightened availability from Qatar has already pushed up LNG prices in Asia, leading some countries to reconsider energy strategies, including increased reliance on coal and limits on outbound energy shipments. The progress at Golden Pass is likely to be closely watcheas markets look for signs of relief from ongoing supply pressures.