ExxonMobil (XOM) Nixes $25B LNG Export Project In Canada
Zacks Investment Research | Dec 23, 2018 10:16PM ET
Exxon Mobil Corporation (NYSE:XOM) recently pulled back from its $25-billion liquefied natural gas (LNG) export project in western Canada from environmental assessment after thorough review of the project. Proposed in 2015, the project was expected to be built by the company and its Canadian unit, Imperial Oil Limited (NYSE:IMO) , at the north coast of British Columbia.
Canada’s LNG sector received encouraging news from Royal Dutch Shell (LON:RDSa) plc Zacks Investment Research
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