Through the RasGas and Qatargas joint ventures, we have participated in 12 of the 14 liquefied natural gas (LNG) trains, 27 of the world’s LNG ships, three receiving terminals in Europe and the United States, and Qatar’s largest condensate refinery. Additionally, ExxonMobil is the only foreign participant in two domestic gas projects, Al Khaleej Gas and Barzan Gas.
The LNG value chain is complex and capital intensive. There are three recurring strengths that make ExxonMobil the partner of choice at every link in that chain — proven project execution; attention to safety and the environment; and unparalleled financial strength.
Natural gas is a versatile fuel, capable of powering utilities, homes and transportation. It also emits significantly fewer pollutants than coal power generation, including NOx, SOx, particulates, mercury, and up to 60 percent fewer GHGs. As confirmed by the International Energy Agency, methane emissions do not negate the substantial climate change benefits of natural gas versus coal, but mitigating emissions can further enhance those benefits. This is a key component of ExxonMobil’s approach to developing future energy technology. The company continues to implement cost-effective methods to reduce methane and other hydrocarbon emissions in our operations.