Alongside our four decades of experience, we also have an interest in over 74 MTA of
liquefaction capacity.
In 1965, ExxonMobil captured sales to the Mediterranean markets of Italy and Spain, that led to
the development of an LNG project in Libya which started up in 1971.
In the 1970s and 1980s we pioneered the development of Asian markets to develop the Arun LNG
project in Indonesia. We were among the first to bring LNG to Japan for the inaugural Arun
Trains and later on, developed the Korean market for expansion trains from Arun.
In the 1990s we leveraged our market relationships to secure Japan and Korean markets for the
foundation projects in Qatar. In the late 1990s ExxonMobil's efforts to develop new LNG markets
bore success when the first ever LNG sale was signed for expansion projects at RasGas.
During the 2000s, our sales portfolio expanded to the liquid markets of the US and Europe.
Later, ExxonMobil leveraged its customer relationships to capture Asian markets for its Gorgon
and PNG joint ventures.
For over 40 years, ExxonMobil has captured sales across the spectrum of LNG markets.
ExxonMobil through its affiliates and LNG joint ventures produces 23 MTA of LNG globally and with LNG suppliers delivers to 30 countries.
Our innovative approach to financing in the LNG industry brings additional value to host
governments and co-venture partners. Our industry leading team has a robust track record of
success for financing major projects and has raised over $70 billion through project financing.
Qatargas & RasGas: Industry-leading project financing
Through joint partnerships, ExxonMobil helped develop 12 of the 14 LNG facilities in Qatar.
This included three regasification terminals and 27 LNG ships for transport. Nearly $30 billion
was raised to support seven major projects over a ten year period.
PNG LNG: Largest ever project financing in the energy sector at the time.
At the time, a record $14 billion was raised in 2009 to support PNG LNG. This was achieved by
harnessing multiple financing sources (ECA's, Banks, Bonds) and took place against the backdrop
of a financial crisis. In spite of this and a tight schedule, the financial close was completed
at the time of the FID.