U.S. Secretary of Energy Chris Wright visited the Golden Pass LNG export facility in Texas on May 17. QatarEnergy owns 70% of the joint venture, while ExxonMobil holds a 30% stake. The visit underscores the strategic importance of American liquefied natural gas in the global market.
The Golden Pass facility launched its first exports in April 2026. Once fully operational, the site will produce up to 18 million metric tons per year. Qatar’s Minister of State for Energy Affairs, Saad bin Sherida Al Kaabi, stated the project aligns with U.S. energy and economic policy objectives.
This event reinforces the positive outlook for major U.S. energy exporters like ExxonMobil. ExxonMobil remains a top holding in the VDE ETF. Continued government support for LNG infrastructure serves as a critical factor for investors focused on global energy security.