ExxonMobil Believes This Fuel Will Be in Short Supply Until 2026
ExxonMobil (NYSE: XOM) anticipates the world will face a shortfall of liquified natural gas (LNG) over the next few years. While there are adequate natural gas resources, especially in the U.S., there's not enough liquefaction capacity. That's because building LNG production and export facilities takes a lot of time and money.
That puts the integrated energy company in a strong position, as its LNG investments should pay off in the coming years. Here's why the company and its peers see a bright future for this fuel.
Russia's invasion of Ukraine upended the LNG market this year. Russia cut its natural gas supplies to Europe in response to sanctions, causing an energy crisis across the continent. European nations raced to lock up additional gas supplies by turning to the global LNG market.
Source Fool.com
