EXXON TO BUILD $10 BLN U.S. LNG EXPORT PLANT WITH QATAR

(The following is a reformatted version of a press release
issued by Golden Pass Products LLC and received via electronic
mail. The release was confirmed by the sender.) 
Contact: Golden Pass Products Information Line (877) 246-4728 
May 09, 2013 
Golden Pass Products Moves Forward with Key Commercial Agreement
for LNG Export 
Houston, Texas - Golden Pass Products LLC (GPP) announced today
that its shareholders’ affiliates Qatar Petroleum International
(QPI) and ExxonMobil have signed a Commercial
Framework Agreement for the proposed liquefaction project at the
world-class Golden Pass LNG terminal facility in Sabine Pass,
Texas. 
This arrangement establishes a commercial framework to sell up
to the full 15.6 million metric ton annual (MTA) output of the
Golden Pass Products liquefaction project, and provide shipping
and sales opportunities to existing and new markets, including
leveraging the sponsors’ longterm arrangements for international
imports via the United Kingdom’s South Hook facility. 
Golden Pass shareholders and their joint ventures are world
leaders in the LNG business with operational LNG expertise,
financial capabilities, access to shipping fleets, large-scale
regasification facilities and a diverse global customer
portfolio. 
“This agreement sets out a highly competitive commercial
blueprint for Golden Pass Products, with a commitment that
builds on the unique combined strengths of QPI and ExxonMobil
throughout the global downstream LNG value chain,” said Bill
Collins, president of Golden Pass Products. 
Golden Pass Products would invest approximately $10 billion to
build the liquefaction facility in Sabine Pass, Texas, and would
create about 45,000 direct and indirect jobs across the United
States during the construction phase. 
Golden Pass Products has received U.S. Department of Energy
(DOE) authorization for exports to Free-Trade Agreement (FTA)
countries, and is awaiting DOE approval to export to non-FTA
countries. In addition, Golden Pass Products is advancing
preparations for the Federal Energy Regulatory Commission (FERC)
permitting process and anticipates pre-filing soon. 
About Golden Pass Products
Golden Pass Products LLC is affiliated with Golden Pass LNG
Terminal LLC and Golden Pass Pipeline LLC, which
since 2005 have constructed and operated the LNG import facility
and distribution pipeline in Sabine Pass, Texas.
Houston-headquartered Golden Pass Products LLC was formed by
affiliates of Qatar Petroleum International and
Exxon Mobil Corporation. For more information, visit:
www.goldenpassproducts.com. 
(bjh) NY 
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