Let's talk LNG

Our Global Outlook projects energy demand will increase by 15% to support a growing population and rising living standards, especially in developing countries. Liquified natural gas (LNG) plays a crucial role in meeting this demand and providing energy where it’s scarce.

While the future energy mix has many potential outcomes, all credible scenarios require the full suite of energy sources to meet projected global demand. We see natural gas demand growing by around 20% by 2050. 

Why LNG?

LNG can be produced where it’s abundant, shipped where it’s needed, and used to provide essential energy while reducing emissions. 

With technology, innovation and supportive policies, LNG can play a long-term role in the energy transition and support global economic growth.

The need for LNG

LNG can help reduce emissions by displacing high-emitting coal and supporting renewables. For example, generating power with LNG emits up to 60% fewer GHG emissions and produces significantly fewer pollutants than coal.

The current challenges of renewable energy, such as its intermittency and the high cost of energy storage, make it difficult to rely solely on renewables. Without natural gas, countries often rely on coal to keep their grids stable and manage supply fluctuations. This is why LNG is crucial: it helps bridge the gap by providing a reliable and cleaner alternative to coal, ensuring grid stability and supporting the integration of renewable energy sources.

LNG is not just a transition fuel; it’s a destination, offering a sustainable solution for energy needs.

ExxonMobil and LNG

At ExxonMobil, we have a leading LNG portfolio and extensive expertise in this area. Our global portfolio is built from carefully selected, high-quality sources to ensure we meet our customers’ energy security needs. We’re active throughout the entire LNG value chain, leveraging our talent, integrated businesses, project execution capability and leading technologies to deliver large-scale projects around the world.

Currently, we’re on track to nearly double our LNG portfolio by 2030, with projects in the United States, Papua New Guinea, Mozambique and Qatar.

Having options in our energy mix—including LNG— helps ensure energy security while moving toward a lower-carbon future.