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Exxon ignores LNG near-term glut to focus on long-term view

It expects demand to rise 1.6 per cent a year till 2040, more than double the rate for crude oil

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PLANNING AHEAD: Exxon is pursuing promising but as-yet untapped natural gas fields in Papua New Guinea and Mozambique that will not produce for years.

Chicago

WHEN it comes to natural gas, Exxon Mobil Corp believes in playing the long game. 

As competitors continue to flood the world market with a liquefied form of the fuel, depressing prices, Exxon is heeding the advice of forecasters scanning a quarter-century beyond the