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Imperial Oil (IMO) and its parent, Exxon Mobil (XOM), are in the early stages of planning a...

  • Monday, December 10, 2012, 5:18 PM ET
    Imperial Oil (IMO) and its parent, Exxon Mobil (XOM), are in the early stages of planning a liquefied natural gas export business from Canada’s west coast, IMO CEO Bruce March says. The new business would build on their $3.1B acquisition of Celtic Exploration, as well as gas holdings they already own in western Alberta and in British Columbia's Horn River shale gas play.
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    Exxon will get their LNG exported from Canada where they have a major NG project in the Horn River. Thus their efforts to export LNG from the US are not required if their permit they submitted to export LNG from a Gulf Port facility with Qatar is denied. Regards
    11 Dec 2012, 10:41 AM Reply Like
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