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Exxon Mobil Is Working on Boosting U.S. LNG Export Capacity

publication date: Mar 29, 2022
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Image Shown: Exxon Mobil Corporation is a big player in the global LNG industry. Image Source: Exxon Mobil Corporation – March 2022 Investor Day Presentation. 

Europe’s dependence on Russian natural gas supplies has taken centerstage in the wake of the Russian invasion of Ukraine. Members of the European Union (‘EU’) receive roughly 40% of their natural gas needs from Russia. In March 2022, the US and the EU announced an agreement covering energy security that among other things encouraged greater liquified natural gas (‘LNG’) exports from the US to the EU. Such an accord would require Europe to boost its LNG regassification capacity. Let's dig into this situation.

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