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Amoxtli@thelemmy.club to Economy@lemmy.worldEnglish · 9 days ago

Exxon bullish on China's LNG demand, eyes new markets

finance.yahoo.com

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Exxon bullish on China's LNG demand, eyes new markets

finance.yahoo.com

Amoxtli@thelemmy.club to Economy@lemmy.worldEnglish · 9 days ago
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Exxon Mobil expects strong growth in demand for liquefied natural gas (LNG) in China, driven by transport and marine sectors, and sees rising opportunities in new markets across Asia Pacific, Africa and Latin America, a senior company executive told Reuters on Tuesday. China, the world's largest LNG importer, signed deals on September 2 to boost gas supply through the existing Power of Siberia pipeline and to build the Power of Siberia 2, raising concerns in that this could displace China's appetite for imported LNG. "Recent Russia-China gas agreements don't change our plans and expectations in China," said Andrew Barry, vice president of global LNG marketing and chairman of Exxon Mobil LNG market development.
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