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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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 current glut. Their view: liquefied natural gas (LNG) demand will rise 1.6 per cent a year till 2040, more than double the rate for crude oil.
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