LNG

US major ExxonMobil with LNG production stakes in nations like Qatar, Australia, Papua New Guinea and at Golden Pass in Texas has become the latest energy company to quit Russia over the Ukrainian invasion and is expected to take a hit on earnings of up to $4 billion by leaving behind mainly oil interests in the Russian Far East.

The Arctic Council, meeting in the Alaskan town of Fairbanks, had former ExxonMobil Chief Executive Rex Tillerson, the US Secretary of State, saying the US had not formulated its final greenhouse-gas policy, though he had overseen plans to produce Alaskan LNG to ship to Asia as a clean fuel.