Exxon Mobil Corporation Announces New LNG Project to Meet Growing Global Energy Demand
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Exxon Mobil Corporation has announced a new liquefied natural gas (LNG) project to address the increasing global energy demand, projected to reach nearly 10 billion people by 2050. The company emphasizes LNG's role in reducing coal emissions, enhancing energy security, and integrating renewable sources. Despite concerns about oversupply, ExxonMobil expects a 3% annual increase in LNG demand through 2050, highlighting its affordability and lower CO2 emissions compared to coal.
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