Exxon 2007 Annual Report Download - page 27

Capitalize on Growing
Natural Gas and Power Markets
ExxonMobil sells natural gas across five continents in
most major gas markets in the world. Our expertise in
integrating advanced technologies across the gas value
chain and our market presence and knowledge provide
a substantial competitive advantage.
NORT H AMERI C AN G A S MARK E T
With gas demand likely to grow about 0.8 percent per year
on average to 2030, and domestic supply from existing wells
declining, continued investments in existing fields and new
discoveries are required. To this end, ExxonMobil is expanding
development of tight gas in the Piceance Basin in Colorado.
We also have a leading position in arctic gas resources in the
Mackenzie Delta region of northern Canada and on the North
Slope of Alaska. Liquefied natural gas (LNG) imports are
forecast to play an increasingly important role. ExxonMobil is
participating in building the Golden Pass LNG regasification
terminal along the U.S. Gulf Coast, with a planned capacity of
about 2 billion cubic feet per day. ExxonMobil is also pursuing
an LNG regasification terminal, BlueOcean Energy, 20 miles
off the coast of New Jersey.
EURO P E A N GAS M A RKET
ExxonMobil is a leading gas producer in Europe through
ownership in many key assets in the Netherlands, Germany,
and the North Sea. In Europe, local production is anticipated
to begin declining in the next few years. To help meet the
need for new supplies, ExxonMobil and its partners are
developing new resources, such as the Ormen Lange field
offshore Norway, and are nearing completion of LNG import
terminals in the United Kingdom and Italy. Both the South
Hook Terminal in Milford Haven, Wales, and the Adriatic
Terminal offshore Italy are expected to be operational in
2008. These terminals will have a combined capacity of
nearly 3 billion cubic feet of gas per day.
ASIA PAC I F I C G A S MARK E T
Asia Pacific gas demand is expected to grow faster than
any other region of the world at about 3.2 percent per year
through 2030. ExxonMobil is among the largest suppliers to
local markets of Australia and Malaysia, and also provides
local supplies to markets in Thailand, Russia Far East,
Qatar, and elsewhere. ExxonMobil-interest LNG operations
in Indonesia and Qatar are major exporters to Japan,
South Korea, India, and Taiwan. Additional pipeline and
LNG opportunities are being progressed in the Middle East,
Australia, Indonesia, Russia, and Papua New Guinea,
as well as an LNG terminal in Hong Kong.
POW E R ACTIV I T I E S
ExxonMobil has interests in electric power generation
facilities with total capacity of over 15,500 megawatts.
Gorgon-Jansz
Scarborough
Papua
New Guinea
Arun
Qatar
Nigeria
Existing Liquefaction Facility
Existing Regasification Terminal
Future/Potential Liquefaction Facility
Future/Potential Regasification Terminal
The Adriatic LNG terminal will be the world’s first fixed offshore
storage and regasification terminal. It is under construction in Spain
and will be transported to Italy’s Adriatic coast in 2008.
Major LNG Market
(Existing and Targeted)
Anticipated Supply Flow
G LO B A L L N G
Global LNG demand is expected to grow
at more than 4 percent per year through
2030, driven by demand in North America
and Europe as well as Asia Pacific markets.
By 2030, LNG demand is expected to represent
about 16 percent of the world’s gas demand.
ExxonMobil is currently participating in LNG operations in
Qatar and Indonesia with a combined gross capacity of
approximately 35 million tons per year, supplying LNG to
markets in Asia, Europe, and North America. This represents
about 20 percent of global industry capacity. ExxonMobil is
participating in the construction of four additional trains in
Qatar that will increase gross capacity by over 30 million tons
per year.
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