Exxon's Golden Pass LNG: Game-Changer in Energy Market
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
ExxonMobil and QatarEnergys Golden Pass project in Texas, a $10 billion LNG facility, has finally gone online, producing six million metric tons per year, with a full capacity of eighteen million metric tons by next year. This comes at a crucial time as the war with Iran disrupts oil and LNG shipping through the Strait of Hormuz, driving up prices and increasing demand for LNG. Exxons shares have surged by 40% this year due to higher prices, and the company is poised for double-digit growth, even with potential damage from Middle East chaos.
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