# Golden Pass ships first cargo, the 9th US LNG export terminal
> The QatarEnergy-ExxonMobil terminal finally exports after a contractor bankruptcy, adding 2 Bcf/d to record US capacity

**Meta:** type: event · date: 2026-06-24 · heads: 悄然的转变, 谁的钱 · 9 takes · 1 lenses · 1 regions

## Summary

[US](/zh/entity/united-states) LNG capacity hit a new high as Golden Pass, the country's 9th export
terminal, shipped its first cargo. The Texas plant is a joint venture of [QatarEnergy](/zh/entity/qatar)
(70%) and ExxonMobil (30%): three trains, 2.0 Bcf/d nominal (2.4 Bcf/d peak). It reached FID back
in 2019 but stalled when its lead contractor filed Chapter 11 in 2024, forcing a rebuild of the
construction team. Startup adds to a buildout in overdrive, Venture Global's Plaquemines
(2.6 Bcf/d) ramping since late 2024, plus Corpus Christi and Sabine Pass, that could more than
double North American export capacity by 2029. The new feedgas pull tightens the [US balance](/zh/n/henry-hub-2026-supply-glut)
even as cheap Henry Hub keeps the export arbitrage open against [JKM](/zh/n/jkm-asia-lng-summer-2026)
and [TTF](/zh/n/ttf-summer-storage-shortfall). Qatar is now both a [rival exporter](/zh/n/qatar-north-field-first-lng-2026) and a US partner.

## By the numbers

- 9th, Golden Pass's rank among operating US LNG export terminals.
- 2.0 Bcf/d nominal (2.4 peak), three 0.7-Bcf/d trains.
- 70% / 30%, QatarEnergy / ExxonMobil ownership.
- 2019 → 2026, FID to first cargo, delayed by a 2024 contractor bankruptcy.
- 2.6 Bcf/d, Plaquemines nominal capacity, the parallel ramp.

## Why it matters

Each new US train deepens the wedge between cheap domestic gas and pricey world gas, the
arbitrage that makes the US the swing LNG supplier. More flexible US cargoes give Europe and Asia
an alternative to Russian and spot supply, and hand Washington more energy-diplomacy leverage.

## What to watch

- Golden Pass's ramp to full 2.4 Bcf/d and the timing of the next FIDs.
- Where the cargoes sail, the JKM-TTF spread decides Atlantic vs Pacific.
- Feedgas pull as a fresh driver of Henry Hub into winter.

## Regional takes (batched by bias / lens)

### unlabelled
- **US Energy Information Administration (Today in Energy)** (United States, en) — The EIA's official write-up confirming Golden Pass shipped its first cargo as the 9th US LNG export terminal, three trains, 2.0 Bcf/d nominal (2.4 peak), a JV of QatarEnergy (70%) and ExxonMobil (30%).
  Source: https://www.eia.gov/todayinenergy/detail.php?id=67564
- **gCaptain** (United States, en) — Maritime-trade outlet on the first cargo, recapping the 2024 contractor Chapter 11 that stalled the plant and the significance of new Gulf Coast supply hitting a tight global market, the shipping-and-supply lens.
  > "Golden Pass ships its first LNG cargo, launching major new US export supply after a contractor bankruptcy."
  Source: https://gcaptain.com/golden-pass-ships-first-lng-cargo-launching-major-new-u-s-export-supply/
- **Natural Gas Intelligence** (United States, en) — NGI places Golden Pass in the wider buildout, Plaquemines, Corpus Christi expansions, the next FIDs, framing a US export wave that could more than double North American capacity by 2029. The industry-momentum lens.
  > "A clearer timeline emerges for the next wave of US LNG projects as the buildout hits overdrive."
  Source: https://naturalgasintel.com/news/clearer-timeline-emerges-for-next-wave-of-us-lng-projects-as-buildout-hits-overdrive/
- **EIA (Plaquemines first cargo)** (United States, en) — 
  Source: https://www.eia.gov/todayinenergy/detail.php?id=64224
- **EIA (North America capacity to double)** (United States, en) — 
  Source: https://www.eia.gov/todayinenergy/detail.php?id=66384
- **EIA (startup-timing forecast)** (United States, en) — 
  Source: https://www.eia.gov/todayinenergy/detail.php?id=64884
- **Oil Gas Leads** (United States, en) — 
  Source: https://oilgasleads.com/u-s-lng-mega-projects-plaquemines-corpus-christi-and-golden-pass/
- **Offshore Pipeline Insight** (United States, en) — 
  Source: https://offshorepipelineinsight.com/lng-export-infrastructure-in-2026-golden-pass-plaquemines-and-the-u-s-gulf-coast-expansion-wave/
- **American Oil & Gas Reporter** (United States, en) — 
  Source: https://www.aogr.com/magazine/markets-analytics/new-lng-export-capacity-in-u.s-mexico-and-canada-has-significant-implications

## Across the graph
- Related: [[henry-hub-2026-supply-glut]], [[qatar-north-field-first-lng-2026]], [[jkm-asia-lng-summer-2026]], [[ttf-summer-storage-shortfall]]
- Entities: US Lng, United States, Qatar, Henry Hub

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Canonical: https://rbtfl.xyz/zh/n/golden-pass-first-cargo-2026