Qatar Energy Company revealed that the total investment volume in its huge “Golden Pass” project in the United States of America has reached about $11.5 billion.

This first-of-its-kind disclosure from the company regarding the final cost of the project is an important step toward transparency and confirms Qatar’s commitment to strengthening its presence in the global energy market.

This giant project, which is jointly owned by Qatar Energy by 70% and the American giant Exxon Mobil by 30%, has had a slight delay in the production schedule, as it is now expected that commercial production will begin in the first half of 2025 instead of the end of 2024 as it was previously planned.

It is expected that this vital project will contribute to strengthening Qatar’s position as one of the largest producers of liquefied natural gas in the world, as the project’s production will reach 18 million tons annually of liquefied natural gas.