ADVFN - Advanced Financial Network.
HOME» NYSE » E » XOM Stock Price » XOM Stock News

Exxon Mobil Share News

 Exxon Mobil Corp. Stock Price
XOM Stock Price
 Exxon Mobil Corp. Stock Chart
XOM Stock Chart
 Exxon Mobil Corp. Stock News
XOM Stock News
 Exxon Mobil Corp. Company Information
XOM Company Information
 Exxon Mobil Corp. Stock Trades
XOM Stock Trades

E.ON Strikes Three-Year LNG Deal With RasGas

FRANKFURT--E.ON SE (EAON.XE) Wednesday said it has agreed on deliveries of liquefied natural gas from Qatar, part of its continued effort to diversify its gas sources and tap an increasingly liquid LNG market. E.ON said it will source up to around 2 billion cubic meters of LNG from RasGas Company Limited, a joint venture between state-owned Qatar Petroleum and Exxon Mobil Corp. The deliveries will take place over the next three years, E.ON added. The LNG will be delivered to the regasification terminal on the U.K.'s Isle of Grain, where E.ON has booked capacities, the company said. It didn't disclose financial details of the supply deal. The agreement with RasGas is E.ON's third LNG deal in about a year and the second with Qatar in just eight months. The deal is part of the company's plan to diversify its gas supply away from its dominant suppliers Russia and Norway. Russian gas supplies in particular have become controversial in the past few months due to mounting tensions between the West and Moscow over the crisis in Ukraine. Like other European utilities, however, E.ON has repeatedly said it was confident about the reliability of Russian gas supplies. E.ON is one of the largest customers of Russia's natural gas export monopoly Gazprom OAO. Nevertheless, E.ON has been on the lookout for new gas sources. Last October, it struck an agreement with Qatargas over a five-year supply deal worth up to 10 BCM. The gas will be delivered to the Dutch regasification terminal GATE in Rotterdam. In June last year, E.ON agreed on a 20-year supply deal with Canada's Pieridae Energy for LNG shipments from the LNG terminal in Goldboro on Canada's east coast, which is planned to be finished in 2020. Write to Jan Hromadko at jan.hromadko@wsj.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
03/30/201514:00:02Could Whiting Petroleum Corp Really Be Worth $50?
03/30/201511:00:00ExxonMobil Begins Production at Hadrian South in Gulf of Mexico
03/30/201509:33:29Investment Potential Of Top 10 U.S. Natural Gas Producers
03/30/201509:04:56Oil Peaks And Valleys: Why Big Oil Is A Bargain
03/30/201506:44:48Exxon Mobil Undervalued, But Is It A Buy?
03/30/201503:58:22Statoil Makes Natural Gas Discovery Offshore Tanzania
03/30/201502:43:23Get Ready To Buy Oil If Lausanne Discussions Fail
03/29/201515:46:34Here's How A Proxy War In Yemen Could Impact North American Refiners
03/29/201508:39:02Can You Guess Which City Is Getting Google Fiber Next? (Hint:...
03/29/201507:38:02Why Oil And Airlines Mix
03/29/201502:18:15The Incredible Shrinking Earnings Forecast
03/29/201501:00:33The Philosopher Series, Part XVII: What Would Plato Invest In...
03/28/201523:19:12A Day In The Life
03/28/201517:45:02Exxon Mobil Used To Be Bigger Than Apple; What Happened?
03/28/201515:45:13A Young Commander Making His Mark In The Middle East May Be Trouble...
03/28/201512:05:02The Biggest Mergers and Acquisitions in Oil Stocks
03/28/201508:15:02Before You Think About Investing in America's Oil Glut, Consider...
03/28/201502:11:30Dividend Achievers Top 20 Hits The Mark, Again
03/27/201518:05:17Russia reportedly preparing for Exxon arbitration claim
03/27/201507:51:49Time To Fade Exxon

Exxon Mobil and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad