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Liquefied natural gas (LNG) operations

ExxonMobil has an extensive global position in LNG with interests in liquefaction capacity of approximately 65 million tonnes per year through our ventures in Qatar and Indonesia. This capacity has recently increased significantly with the start-up in Qatar of the four largest producing trains in the world.

Each of these trains is 7.8 million tonnes per year in size. Deliveries of Q-Flex and Q-Max ships were completed in 2009 and more than doubled fleet capacity for the Qatar joint ventures. We have also added 2.8 billion cubic feet per day of LNG regasification capacity with the opening of the South Hook Terminal in Wales and the Adriatic LNG Terminal offshore Italy, increasing access to attractive European markets.

ExxonMobil’s broad portfolio, our involvement across the LNG value chain, and our global marketing footprint provide important flexibility, and enable us to maximize value for our LNG ventures. We have led the industry in integrating LNG activities from production and liquefaction, to shipping, regasification and sales, and we have significant alignment with our joint venture partner Qatar Petroleum across the LNG value chain. We have also developed and applied new technologies to construct the world’s largest LNG trains and ships, minimizing unit costs and maximizing the value of natural gas from Qatar’s North Field – the world’s largest non-associated gas field.

We are progressing new LNG projects to help meet the world’s growing gas demand. In Asia Pacific, we and our joint venture partners have sanctioned the Gorgon Jansz and PNG LNG projects, which will significantly increase our volumes into Asia. Additional LNG projects are being pursued in Australia and West Africa. In 2010, another 2 billion cubic feet per day of regasification capacity will come online with the opening of the Golden Pass Terminal near Sabine Pass, Texas.