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Exxon to Build $10 Billion U.S. LNG Export Plant With Qatar

Exxon Mobil Corp., the largest energy company by market value, signed an agreement with Qatar Petroleum International outlining a plan for construction of a $10 billion natural gas export terminal in Texas.

The project will involve installing liquefaction equipment at an existing import facility in Sabine Pass, Texas, according to an e-mailed statement today from Golden Pass Products LLC, a subsidiary formed by the two companies. It won permission last year to export the fuel to nations with free-trade agreements with the U.S. and is awaiting approval to send the fuel to all other countries.