XOM - Exxon Mobil's LNG Expansion On Track To Double By 2030: Report | Benzinga

Exxon Mobil Corporation (NYSE:XOM) is reportedly ahead of schedule with its plan to double the size of its liquefied natural gas (LNG) portfolio to 40 million tons per annum (mtpa) by 2030.

The company plans to focus on selling its gas rather than trading that of third parties, reported Reuters.

Peter Clarke, Exxon senior vice president for global LNG told Reuters, “Unlike Shell and Total, Exxon plans to mainly trade its own gas.”

Exxon expects to revamp its LNG trading strategy amid growing fuel production and as part of a wider corporate reorganization that began in 2022.

Also Read: Full story available on Benzinga.com