LNG May Become Second Largest Energy Source, Says ExxonMobil CEO
Liquefied natural gas (LNG) by 2040 may replace coal as the second largest global energy source, ExxonMobil Corp. CEO Rex Tillerson said in Qatar this week.
Liquefied natural gas (LNG) by 2040 may replace coal as the second largest global energy source, ExxonMobil Corp. CEO Rex Tillerson said in Qatar this week.
Fueled by its acquisition of XTO Energy Inc., as well as contributions from liquefied natural gas projects in Qatar, ExxonMobil Corp.'s global gas volumes jumped by 37% in the final period of 2010, the company reported last week.
Fueled by its acquisition of XTO Energy Inc., as well as contributions from liquefied natural gas projects in Qatar, ExxonMobil Corp.'s global gas volumes jumped by 37% in the final period of 2010, the company reported Monday.
Calgary-based Talisman Energy Inc. is selling a 50% working interest in its Farrell Creek assets in the Montney Shale to Sasol Ltd. for C$1.05 billion. As part of the deal, the partners said Monday they will weigh the market viability of converting gas to liquid fuels using Sasol's gas-to-liquids (GTL) technology.
"Fully developed, the Marcellus Shale has the potential to be the second largest natural gas field in the world," after the South Pars/Asalouyeh field in Iran and Qatar, according to a report, "The Economic Impacts of the Pennsylvania Marcellus Shale Natural Gas Play: An Update," released last Tuesday by three professors of the Pennsylvania State University College of Earth and Mineral Sciences.
"Fully developed, the Marcellus Shale has the potential to be the second largest natural gas field in the world," after the South Pars/Asalouyeh field in Iran and Qatar, according to a report, "The Economic Impacts of the Pennsylvania Marcellus Shale Natural Gas Play: An Update," released Tuesday by three professors of the Pennsylvania State University College of Earth and Mineral Sciences.