Exxon is ahead of schedule in its efforts to double its LNG portfolio by 2030 according to the supermajor's senior vice president for global LNG.
ExxonMobil is slightly ahead of schedule in its work to double its LNG portfolio by 2030, Peter Clarke, senior vice president for global LNG, has told Reuters in an interview. In 2020, Exxon said it aims to double its LNG portfolio from 20 million tons per year to 40 million tons annually by the end of the decade. Exxon’s current supply is slightly below 30 million tons per year, Clarke told Reuters, noting that “we are slightly ahead” of the schedule in the plan to double the LNG portfolio.
By 2027, Exxon’s supply is set to grow to around 27 million tons annually, thanks to a globally diverse portfolio of low-cost, capital-efficient developments, the supermajor said in its latest corporate plan in December 2023. Exxon is developing LNG projects in Mozambique and Papua New Guinea, while it signed in 2022 an agreement with QatarEnergy to take 25% in a joint venture, which in turn will own 25% of the entire North Field East project.
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