Exxon Mobil Corporation (NYSE:XOM) predicts that the use of liquefied natural gas will rise up to 40% by 2020. The company believes that demand for global gas will rise by 20%. According to Exxon Mobil’s LNG President Tom Cordano, “By 2002 we forecast gas demand to increase by 25% from today’s level to almost 400 billion cubic feet (bcf) a day.”
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Exxon Mobil Corporation is engaged in the exploration for, and production of crude oil and natural gas. The company manufactures petroleum products and transportation and sale of crude oil, natural gas and petroleum products. Sunoco Logistics Partners LP acquired the MagTex refined products pipeline system from Exxon Mobil Corporation affiliates in November 2008.
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