LNG

Exxon and Rosneft looking for joint development of Far East LNG

ExxonMobil is moving forward with its $15 billion Far East LNG project, which it is developing with Russia’s Rosneft
By Staff reporter 4 May 2018 0 30732

ExxonMobil is moving forward with its $15 billion Far East LNG project, which it is developing with Russia’s Rosneft, and an FID is expected in 2019, Reuters reported on Thursday.

Earlier this year, Exxon invited companies including China Huanqiu Contracting & Engineering Corp., a subsidiary of China National Petroleum Corp., to bid on EPC contracts by the end of September.

Exxon withdrew from its exploration ventures with Rosneft in Russia late last year, and took an after-tax loss...