ExxonMobil expects the EU to sign multi-decade contracts for US gas as part of a pledge to buy $750bn of American energy, a shift that would underline Europe’s long-term reliance on the fossil fuel.
Peter Clarke, senior vice-president of Exxon’s liquefied natural gas business, said Europe was now “the most important market” for US LNG exports, and the next step would be for the continent “to figure out how it supports long-term contracting”.
“That is a development I think that’s coming down the track,” Clarke told the Financial Times in an interview.
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