ExxonMobil Eyes North American LNG Exports

image

ExxonMobil Corp is actively assessing options to export liquefied natural gas from North America, where it is a top producer of the fuel.

“In terms of exports from North America, whether it is the Gulf Coast or whether it is Western Canada, it’s something we’re actively looking at,” Andrew Swiger, senior vice president of Exxon said at a Bank of America Merrill Lynch investors conference.

North America market is different from places where Exxon has LNG projects because the gas is not stranded without a viable market, so the company is mulling options, Swiger said in remarks broadcast on the Internet.

Exxon has 340,000 shale gas acres in Western Canada’s Horn River Basin. The company also has a stake in the Golden Pass LNG Terminal in Texas.

(reuters)

Source

Posted on November 17, 2011, in Energy, GEOPOLITICS, Golden Pass, LNG, Natural Gas, Shale Gas, Texas, Unconventional and tagged , , , , , , , , , , , , , . Bookmark the permalink. 1 Comment.

%d bloggers like this: