Gas Power Marketing Company News

The United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves to approve liquefied natural gas (LNG) exports, Rob Franklin, president of ExxonMobil Gas & Power Marketing Company, said today. “If policymakers don’t revisit and redress some significant legal and regulatory problems…then the U.S. could be left behind during one of the great, historic developments in global energy and trade,” Franklin said in a speech at the Johns Hopkins School of Advanced International Studies in Washington D.C. The U.S. has long embraced open and free markets.

Exxon Mobil Corporation announced plans to seek regulatory approval for BlueOcean Energy, a floating liquefied natural gas (LNG) receiving terminal that will create a gateway to global supplies of clean-burning natural gas to help meet the growing energy needs of New Jersey and New York. The project will have the capacity to supply about 1.2 billion cu. ft. of natural gas per day. Anchored approximately 20 miles off the coast of New Jersey – and reportedly not visible from the shore – the more than $1 billion terminal will be far from shore and away from shipping lanes…