IRVING, Texas--(BUSINESS WIRE)--Mar. 20, 2009--
Exxon Mobil Corporation (NYSE:XOM) today announced the first Liquefied
Natural Gas (LNG) cargo arrived at the South Hook LNG receiving terminal
in Milford Haven, Wales. The terminal adds to the UK’s LNG import
capacity and energy diversity with the ability to deliver up to 2
billion cubic feet of gas daily into the natural gas grid when it
reaches full operational capacity in 2009.
South Hook LNG Terminal Company Ltd. is owned by Qatar Petroleum (67.5
percent), ExxonMobil (24.15 percent) and Total (8.35 percent). The
terminal forms part of the wider Qatargas II joint venture which will
supply gas to the UK from Qatar’s North Field. The terminal, which is
being completed in two phases, includes five LNG storage tanks, a
regasification plant, ship unloading systems and a jetty to allow
berthing of the world’s largest LNG vessels.
“The arrival of the commissioning cargo into South Hook is a significant
milestone in the development of the Qatargas II project, the world's
first full LNG value chain investment,” said Mr. Faisal Al Suwaidi,
Chairman and Chief Executive Officer of Qatargas Operating Company.
“ExxonMobil has been a strong partner with Qatar Petroleum offering
innovative technologies and expertise that have helped transform our
regional gas resource into a global supply of clean-burning energy.”
“Not only will our LNG ventures with Qatar help satisfy increasing
energy demand, they will also strengthen global energy security by
helping to diversify supplies,” said Neil Duffin, President of
ExxonMobil Development Company. “Advanced technologies, project
execution capabilities and economies of scale have reduced costs,
thereby extending our ability to bring global LNG supplies to the UK and
elsewhere around the world. We look forward to the start of commercial
operations at South Hook.”
Facilitating the development of a global market for cleaner-burning
natural gas, ExxonMobil is an industry leader in all aspects of the LNG
value chain from resource development, liquefaction, transportation,
receiving terminals and gas marketing. In partnership with Qatar
Petroleum, the company is employing new technology to build four of the
largest LNG production facilities in the world, LNG regasification
terminal projects in the UK, Italy and the US, as well as the industry's
largest vessels to carry LNG to market. ExxonMobil is also participating
in the development of LNG projects in Papua New Guinea and Australia.
NOTE TO EDITORS: High resolution photos available on request.
CAUTIONARY STATEMENT: Statements in this release relating to future
plans, expectations, events or conditions are forward-looking
statements. Actual results, including project plans, capacities, timing
and outcomes and future demand growth could differ materially due to
changes in long-term oil or gas prices or other market conditions
affecting the oil and gas industry; political events or changes; timely
completion of development projects; the outcome of commercial
negotiations; and other factors discussed under the heading "Factors
Affecting Future Results" on the "Investors" section of our website (www.exxonmobil.com)
and in Item 1A of ExxonMobil's 2008 Form 10-K. References to volumes of
natural gas include amounts that are not yet classified as proved
reserves but that we believe will ultimately be produced.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5921798&lang=en
Source: Exxon Mobil Corporation
ExxonMobil
Kimberly Brasington, 713-656-4376
