ExxonMobil Pushes For Expanded Global LNG Production

ExxonMobil is increasing its production capacity in Liquified Natural Gas (LNG).
To achieve this the company has reached agreement to increase its working interest in the Rovuma LNG project in Mozambique to 50 per cent and in Papua LNG in Papua New Guinea to 34 per cent, the company said in its third-quarter 2026 results on October 30. ExxonMobil already operates Rovuma, and the company said it has assumed operatorship at Papua LNG.
The release did not name the counterparties or give terms,reports World Oil.
The company also reported cumulative production milestones of 1 billion barrels (Bbbl) at both its Guyana operations and the Kearl oil sands project in Canada, and 100 million t...