ExxonMobil’s project to build a $10 Billion liquified natural gas export facility in Texas is a go, with construction slated to begin soon.
The project, a partnership between ExxonMobil and Qatar Petroleum, will take about five years and more than 9,000 workers to build. According to reports, the new facility will have a capacity of 16 million tons per year. The facility is expected to begin operating some time in 2024.
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The new facility is part of a larger initiative by ExxonMobil to drive energy related activity in the Gulf Coast. Other projects include new chemical, refining, lubricant and liquified natural gas facilities.
