Financial strength

Financial strength

Our innovative approach to financing in the LNG industry brings additional value to host governments and co-venture partners. Our industry leading team has a robust track record of success for financing major projects and has raised over $70 billion through project financing.

Qatargas & RasGas: Industry-leading project financing

Through joint partnerships, ExxonMobil helped develop 12 of the 14 LNG facilities in Qatar. This included three regasification terminals and 27 LNG ships for transport. Nearly $30 billion was raised to support seven major projects over a ten year period.

PNG LNG: Largest ever project financing in the energy sector at the time.

At the time, a record $14 billion was raised in 2009 to support PNG LNG. This was achieved by harnessing multiple financing sources (ECA's, Banks, Bonds) and took place against the backdrop of a financial crisis. In spite of this and a tight schedule, the financial close was completed at the time of the FID.