The following presentation was made at IPWeek on February 25, 2021.
Tracy Lothian
ExxonMobil, Senior Vice President, LNG
IP Week, Feb. 25, 2021
Transcript:
OK, this
is, good evening from Singapore today. So Ive been in Singapore three years. I moved here as the senior vice president of our Rovuma LNG marketing. So I moved here when ExxonMobil entered the Area 4 project, and have really enjoyed working
with, with Mozambique and the Mozambicans. So I look forward to adding that to the panel discussion today.
[Later]
Yes, thanks William. And thanks for all the comments, you know, around nat-, natural gas. I guess a number of mine will follow along that theme that you know
ExxonMobil has a long history of responsibly meeting societys evolving need for energy in a reliable and sustainable manner, with a longstanding commitment to investments in technology and ingenuity of our people. And were well
positioned to continue to provide the energy thats essential to improving lives around the world whilst managing the risks of, of climate change.
And as weve said, natural gas does play a vital role in satisfying the energy needs of consumers whilst helping to mitigate the risks of climate change.
Natural gas is versatile and abundant and lower emission fuel and the use of natural gas in power generation plays an important role in reducing global emissions. And if we just look at some numbers, when you consider lifecycle emissions, natural
gas emits about 60% lower greenhouse gas and produces significantly fewer air pollutants than coal for power generation. And in addition to that, ExxonMobil recently announced its created a new business to commercialize its extensive low
carbon technology portfolio and the new business, ExxonMobil Low Carbon Solutions, will initially focus on carbon capture and storage, which is one of the critical technologies required to achieve the net zero emissions and the climate goals
outlined in the Paris Agreement. And there are plans to advance over 20 new CCS opportunities to enable large scale emissions reductions. And ExxonMobil has plans to invest $3 billion on the lower emissions energy solution through 2025.
And then to bring that back I guess to, to Africa: you know were pleased that the Area 4 Coral South FLNG project is currently, the developments
continuing. And that will be targeted to start up in the fourth quarter of 22. So that puts Mozambique on the map as an LG exporter and plays an important role of the sustainable future and gas role in it.
[Later]
Yeah, I think youre right. If I can add
something back to that, if I may. It is, its about the exports and what that can do for the countries we delivered to. But its also very important in um addressing the needs of the communities in the priorities for those communities in
the countries in which we operate. And thats, thats a very important part of the business that we do as well.
[Later]
I think you mentioned job, job creation. I think thats, thats an important factor. And the other knock on factors as to what these projects can do
for the communities we operate in is, you know, is extremely important. With ExxonMobil in Africa, we employ 3,000
3,300 people, of which 90% are, are nationals and, and thats very important to us and to our success and to the success of
our future developments.