Market Chatter: Exxon Mobil Has Preliminary LNG Supply Deal With South Africa

MT Newswires Live06-17 05:06

Exxon Mobil (XOM) has a preliminary deal to supply liquefied natural gas to South Africa, Bloomberg reported Tuesday, citing people familiar with the matter.

State utility Eskom Holdings will be poised to import gas at the proposed Zululand LNG terminal in Richards Bay, with the fuel destined for a 3,000-megawatt power plant nearby that has yet to be built, the report said.

Exxon Mobil did not immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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