LNG

ExxonMobil Corp., the largest US oil company and leading LNG producer as a partner of Qatar, agreed to acquire Texas-based Pioneer Natural Resources for $59.5 billion and with an enterprise value of $64.5Bln in the largest acquisition since the historic tie-up between Exxon and Mobil in 1999.

Europe’s largest liquefied natural gas import terminal, the UK’s Isle of Grain facility on the Medway River in Kent, has hit a new utilisation record over the past 12 months.

TotalEnergies held a two-day Board meeting to approve future strategy that will involve a larger liquefied natural gas portfolio to position the French major in the top three worldwide of LNG market participants.