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15.06.26 - 03:39
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Exxon Weighs Woodside Deal As LNG Becomes Strategic Priority (ZeroHedge)
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Exxon Weighs Woodside Deal As LNG Becomes Strategic Priority
Exxon Mobil is assessing a range of options to expand its global gas business, with Woodside Energy reportedly among the companies being reviewed as potential acquisition candidates, according to Bloomberg.
No formal approach has been made, and internal evaluations remain preliminary. Both companies have declined to comment.
Bloomberg writes that Woodside offers several strategic advantages for Exxon. As a leading LNG producer with established relationships across key Asian markets, the Australian company would provide immediate scale in a sector where Exxon has historically been less dominant than some of its European peers. Its growth pipeline includes the Louisiana LNG project in the US and major Australian developments such as Scarborough and Browse.
Interest in LNG assets has intensified amid ongoing concerns about global supply security, particularly following disruptions to Middle Eastern export routes. This has increased the ...
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