Exxon Mobil (XOM) is committed to moving fast to develop natural gas in Guyana, the company’s head of upstream Dan Ammann said Tuesday, according to Reuters.
Guyana’s government has asked Exxon (XOM) to devise and build projects to use natural gas, including for petrochemical plants and possible data centers.
Ammann told the Guyana Energy Conference that natural gas projects are more complex than oil, requiring cooperation with a greater number of entities such as public utilities, communities, and regulators, but reiterated that a pipeline was ready to deliver gas to Guyana and the company is waiting for power plants to be completed this year.
“When government advances permitting approvals and market frameworks, we will advance engineering, execution, and investment in lockstep,” Ammann said.
Separately, the Federal Court of Australia has imposed a A$16M (US$11.3M) fine on Exxon’s (XOM) Mobil Oil Australia over misleading claims about fuel sold at gasoline stations in parts of Queensland, the Australian Competition and Consumer Commission said.
On Tuesday, Mobil admitted it had made misleading claims to consumers during 2020-24, falsely indicating that its “Mobil Synergy Fuel” contained certain additives, the competition regulator said.