Golden Pass LNG to Begin Italy Deliveries in June, Confirming Commercial Operations
Summary
Italy is set to begin receiving liquefied natural gas (LNG) from the Golden Pass LNG facility, a joint venture between QatarEnergy and Exxon Mobil, starting in June. This development follows the announcement on March 30 that Golden Pass LNG, in which Exxon Mobil holds a 30% stake, had commenced production of its first LNG. The news confirms the commercialization phase of the significant project, marking the start of revenue generation from the facility and addressing Italy's energy supply needs amid disruptions from other sources. Traders will watch for further details on the facility's ramp-up and additional supply contracts.
At the time of this announcement, XOM was trading at $159.83 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $666B. The 52-week trading range was $97.80 to $176.41. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.