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
Add BT as a preferred source
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.
TRENDING NOW
Singtel H2 net profit down 20.9% at S$2.2 billion; telco open to Aussie minority partner in Optus
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Apex court rejects resulting trust claim in 99-1 condo dispute
Singtel seeks clarity on participating in telco consolidation after M1-Simba fallout; weighs Reit IPO
