Energy investors including Exxon Mobil (XOM) are favoring natural gas over oil sands...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Energy investors including Exxon Mobil (XOM) are favoring natural gas over oil sands acquisitions in Canada as the less-expensive way to supply Asian markets, a trend likely to continue next year. With at least five LNG projects valued at as much as $15B each proposed for British Columbia's coast, proponents are lining up supplies from reserves such as the Horn River and the Montney shale.